DTLA Works Office Space Guide 2023

ABOUT THE DCBID

Founded in 1998, the Downtown Center Business Improvement District (DCBID) has been a catalyst in the transformation of Downtown Los Angeles (DTLA) into a vibrant 24/7 destination. A coalition of more than 2,000 property owners in the Downtown Center, the DCBID members are united in their commitment to enhance the quality of life in Downtown LA.

The mission of the Economic Development team is to improve and revitalize the District and bring investment and new businesses to the area.

We provide services to current and prospective residents, workers, and businesses, including:

• Development Consulting

• Research and Information Requests

• Events and Marketing

• Housing and Office Tours

• Customized Tours and Reports

Whether you need information on development, opening a business location, or you just want to learn more about Downtown’s market sectors and dynamics, we are the portal for information about the District and DTLA.

To learn more, visit www.DowntownLA.com.

DEFINITION OF DOWNTOWN LA

The DCBID defines Downtown Los Angeles as the area bounded by the 110, 101 and 10 freeways and the LA River, plus Chinatown, City West, and Exposition Park. Because these do not precisely align with census tracts, some of the data in this report includes areas just outside these boundaries.

EXECUTIVE SUMMARY

The role of the office and our relationship to it underwent dramatic shifts as a result of the COVID-19 pandemic. This unprecedented experience – and unplanned experiment – brought new perspectives, practices, attitudes, and approaches. Companies, workers, and property owners are now reshaping the future of the office, and major urban centers like Downtown Los Angeles are at the forefront of that process.

With over 315,000 jobs, DTLA is the economic heart of the City of LA and the Southern California region. As the great majority of these jobs are held by office workers – commuting from near and far, to companies in every industry, doing business all over the world –the importance of the DTLA office sector extends well beyond the buildings of the central business district.

Downtown LA is the region’s largest and most diverse office market, with 40 million SF of traditional and creative space in an unparalleled collection of Class A towers, historic buildings, and industrial conversions. Equally as impressive as these commercial assets is the transformation that Downtown has undergone in recent years, with a rapidly growing residential population and an explosion of arts and culture that has made it an exciting and inspiring place to live as well as work.

The diversity of DTLA’s buildings and the vibrancy of its neighborhoods and lifestyle have attracted an increasingly diverse mix of industries and companies. Once dominated by traditional business sectors, growth in recent years has come from the creative and tech industries. That has drawn a broader mix of professional talent which has reshaped DTLA as a place of innovation and creativity.

The future of work will be shaped by a range of factors at the intersection of people, places, and spaces – how people work, where, and in what kind of environments, and how that all integrates with the rest of their lives. As we consider this evolution, we believe it is less about “back” to work than “forward” to new opportunities for work-life balance and flexibility for individuals, productivity, and collaboration for companies, and dynamic growth for city centers like DTLA.

In this report we look at the future of work in the context of Downtown Los Angeles – the spaces, places, and people that define DTLA – the properties, neighborhoods, companies, and workers who make it one of the most diverse and dynamic commercial centers in the nation.

For an interactive experience, visit DowntownLA.com/OfficeTour

40 million+ SQUARE FEET OF OFFICE SPACE

315,000+ JOBS

DENSITY MOBILITY

500,000 WORKERS WITH BACHELOR’S OR HIGHER WITHIN 10 MILES

6 FREEWAYS

48,000 JOBS PER SQUARE MILE

5 METROLINK LINES

4 METRO LINES

110,000 DAILY COMMUTERS SERVED BY UNION STATION*

780 RETAIL BUSINESSES PER SQUARE MILE

93 AVERAGE WALK SCORE

184 FOOD & BEVERAGE SPOTS PER SQUARE MILE

15+ MILES OF BIKE LANES

DTLA & THE FUTURE OF WORK

The renaissance of Downtown Los Angeles over the last two decades has restored and revitalized the foundational assets and fundamental qualities that make it both timeless and trendy. It is a place with enduring appeal that is also highly adaptable – critical attributes in this unique moment of change. The inherent value of its authentic culture, iconic buildings, vibrant social life, and abundant amenities cannot be overstated. Combined with its central location, wealth of infrastructure, transit accessibility, and public spaces, DTLA is a place where workers and companies thrive. And a future less constrained by where you have to be for work, may be more defined by where you want to be.

A survey by JLL in December of 2021 found that the #1 priority for the workforce (ahead of salary) is work-life balance, 73% of workers want to work from places that offer a destination for human connection, and 63% prefer a hybrid model vs. working from the office or home exclusively. (1)

WORK-LIFE BALANCE & INTEGRATION

The convenience of DTLA’s central location supports both work-life balance and hybrid modes of work, with 57% of DTLA workers commuting less than 7 miles, and 62% of DTLA residents traveling less than 5 miles to work, while 44% walk, bike, take transit, or work from home. The area’s social and

cultural diversity, exciting dining, nightlife, and entertainment, and robust health and wellness offerings, create unparalleled opportunities for the integration of lifestyle and work.

The consensus “among investors, occupiers and placemakers is that location strategy is not likely to change significantly in the wake of the pandemic. Walkable submarkets – in urban and suburban settings – are going to continue to be coveted by employees. In a world where people are in the office less frequently and are looking to the office – and the surrounding neighborhood – to provide what they cannot get when working

HED, KPMG Center

remotely, the argument could be made that these settings are more important than ever.”  (2)

The evolution of DTLA has been fueled by the growing residential population. Neighborhoods like South Park and the Fashion District have blossomed, bringing 24/7 life to what was once a 9-to-5 area. With those residents have come restaurants, retail, and services that make it a more convenient and appealing place to work as well. With a walkability score of 93, DTLA is uniquely pedestrian-friendly for Los Angeles, which is a big draw for both residents and workers, as are its collection of parks and public spaces for relaxing, recharging, eating al fresco, or just getting a change of scenery.

HUMAN CONNECTION & COLLABORATION

“Employers increasingly view the office as a place for collaboration and meaningful employee connection. Amenities that meet the daily needs of employees, help them establish and maintain relationships, and offer experiences that represent the company’s brand and values will become more important. The shifting role of the office will likely accelerate a flight to quality, with office buildings that offer the most desirable technology, amenities, and flexible space capturing a growing share of demand.” (3)

With all the digital and virtual capabilities companies and workers developed during the pandemic, one of the key insights of this period is the irreplicable

value of face-to-face interaction – for productivity, efficiency, professional development, and just plain human well-being. Social interaction, creative brainstorming, opportunities for mentoring, and organizational culture – these are the intangible but invaluable things we miss working remotely, and there is clear agreement on their critical importance.

This was no surprise to forwardthinking corporate leaders and property owners, but the pandemic brought it into stark relief and increased its immediate relevance. Over the last decade, office owners in Downtown LA have made significant investments in upgrading their properties – adding common areas, outdoor spaces, amenities, and services that increase their appeal. These improvements have enabled them to adapt and accommodate differing needs across industries, companies, and individuals, which has become even more important as modes of work have shifted over the past few years.

HYBRID, FLEXIBLE, EFFICIENT

One overarching lesson from the on-going shifts in the nature of office work is that no one-size-fitsall. Challenges and solutions range across individuals, companies, and industries.

“Flex arrangements foster innovation through increased employee interaction, exposure to new business concepts, and crosspollination of ideas.” (4)

“With hybrid the new normal, office properties with amenities

that enhance employee collaboration, connection, and wellness will fare best.” (5) Techenabled organizations and individuals with access to the latest IT infrastructure, tools, and support have taken great leaps forward in terms of efficiency and capabilities during this period –gaining competitive advantages, and personal benefits, that might previously have been inconceivable.

DTLA office properties, ranging from state-of-the-art Class A towers to one-of-a-kind historic buildings, have reinvented themselves over the past decade. More recently, they have an increased focus on health and wellness, innovative work models and space designs, and lifestyle amenities, services and programming. Forward-thinking tenants in those buildings have reconceptualized their own spaces and practices, supporting the shifting needs and desires of their teams and talent.

MEETING THE MOMENT

Downtown Los Angeles is a place of great resilience and adaptability and the dynamic vitality of its people, places, and spaces has enabled it to overcome many challenges in the past. Those qualities will serve it well in a new era in which worklife balance and integration, human connection and collaboration, and above all, flexibility, will define not so much where we have to work, but where we want to be.

WORKS

PROPERTY TYPES

The Downtown renaissance has radically transformed the DTLA office market with new ownership, tenants, and workspaces – bringing Class A properties into the 21st century, restoring historic buildings to their former glory, and converting industrial spaces for a new generation of tech and creative companies.

CLASS A

Modern glass and steel towers, long-desired for their high-quality spaces and amenities, large floorplates, and prestige locations.

HISTORIC

Classic buildings from the early 20th century updated for today’s creative firms in architecture, design, fashion, and technology.

INDUSTRIAL

Traditional warehouse and manufacturing properties retrofitted and repositioned as flexible open space.

City National Plaza Wells Fargo Center

Pershing Square Building

The Bradbury

The Container Yard ROW DTLA

AON Center

Wilshire Grand Center

FourFortyFour South Flower

The CalEdison

Fine Arts Building

PacMutual

The Switchyard fourth & traction 7MAIN

Fine Arts Building

WORKS

URBAN LANDSCAPE

CASE STUDIES: CLASS A

DTLA’s Class A Towers have made substantial, strategic investments in upgrading their infrastructure, amenities, and programming to appeal to new industries, companies, and talent.

WELLS FARGO CENTER: HALO

This $80M overhaul of the food and beverage offerings at Wells Fargo Center features an open seating plan, enhanced outdoor spaces, and first-rate food options such as Shake Shack, Trejo’s, and Danny Boy’s. On the second floor, The Peak at Halo is a tenant amenity center featuring a fitness & wellness studio, an al fresco terrace, and flexible space for work and meetings.

The creation of THE BLOC was one of the most dramatic property transformations in DTLA’s recent history, with much of the attention placed on the open-air retail plaza. Less obvious from the outside were critical investments in the office tower, including a rooftop patio and common areas, high-speed programmed elevators, and a new entrance lobby integrated with the public-facing plaza.

THE BLOC: URBAN CAMPUS

FOUR FORTYFOUR SOUTH FLOWER: INNOVATION & WELLNESS

Property-wide improvements have greatly enhanced the experience for workers, providing easy access to amenities, common areas, and outdoor spaces, which feature the building’s world-class public art collection. The building was one of the first to incorporate open-air terraces into the upper floors of an office tower and was the world’s first building to achieve UL’s Healthy Building Verification for Indoor Air & Water Quality.

US BANK TOWER: TRANSFORMATION

Silverstein Property’s $60M repositioning plans have transformed all aspects of the tower and surrounding campus - The Gardens - to meet the evolving needs of the modern workforce. Highlighted by a redesigned lobby with indoor & outdoor collaboration areas, juice/cocktail bar, Grab & Go market, and Vista - a new 20,000 SF amenity destination on the 54th floor with flexible event/conferencing/ work spaces - this comprehensive placemaking effort greatly improves not only the building, but the surrounding neighborhood as well.

WORKS

CASE STUDIES: CLASS A

CITY NATIONAL PLAZA: INDOOR-OUTDOOR SPACES

The redesign and reorientation of City National’s central plaza demonstrated the value of such investments, transforming what was once an underutilized space into one of the area’s most popular gathering spots. To make the space even more accessible and inviting, ownership added giant sliding doors that bring the outside in and the inside out, along with a private indoor-outdoor tenant lounge for meetings and events.

FIGUEROA AT WILSHIRE: THE THIRD PLACE

Across their portfolio in DTLA, Brookfield Properties has made strategic investments to expand their hospitality offerings. The Third Place at Figueroa At Wilshire not only includes meeting space for 2 to 200, but also offers a fitness center, lounge, and a nourish snack bar, reinforcing the company’s commitment to promoting wellness in the workplace.

A PROPERTY TO FIT EVERY NEED

The previous studies are a small sampling of DTLA’s inventory of contemporary office properties, which offer a wide range of options in terms of size, on-site amenities, and cost. Owners of these properties have similarly made substantial improvements to modernize their buildings and offer services that meet the needs of any tenant.

VISITORS

WEDBUSH CENTER

USC CENTER 606 OLIVE FIGUEROA TOWER

UNION BANK PLAZA KPMG CENTER

CASE STUDIES: HISTORIC

DTLA possesses some of the finest examples of early 20th century commercial architecture in the world –many of which have been lovingly restored and modernized with the latest technology and amenities.

A City of Los Angeles Historic-Cultural Monument, PacMutual is an iconic 450,000 SF complex of three interconnected buildings that has been at the forefront of DTLA’s rise as a destination for creative companies. Strategic investments to upgrade and reposition the property have attracted a new wave of tenants in fashion, design, technology, and communications.

One of the first all-electrically heated and cooled buildings in the United States, The CalEdison is a fourteen-story, steel-framed 1931 treasure that follows a classically inspired Art Deco design. As part of its repositioning for creative offices, the property now features a campus-wide fiber backbone that allows tenants to work across the property’s amenities on their own private network, including at the hip espresso bar in the building’s spectacular Deco lobby.

WORKS

7MAIN

The flagship of department store chain Dearden’s for over a century, the property has been reimagined by Urban Offerings as a 90,000 SF contemporary creative office campus. The fully renovated interiors feature original brick walls and old growth timber framing, with ceiling heights ranging from 12 feet to 17 feet. A private garden tucked behind the alley is for the exclusive use of tenants and guests, while ground floor retail, restaurants, and bars activate the neighborhood and make it a destination for all Angelenos.

THE TRUST

Built in 1928 as the headquarters of the Title Insurance & Trust Company, and known as the “Queen of Spring Street” when Spring Street was known as the Wall Street of the West, and meticulously restored by Rising Realty with plans for a bustling hub of creative offices, the property was recently purchased by UCLA as part of the university’s plan to expand its presence in DTLA.

CASE STUDIES: INDUSTRIAL

Former industrial properties have become a go-to choice for tech and creative companies, and DTLA’s Arts District is home to over 30 million SF of such space, fueling its rise as one of the top destinations for innovative companies in growth industries.

ROW DTLA

In terms of scope and ambition, no other industrial conversion comes close to the vision that Atlas Capital has been making a reality for ROW DTLA. More than a campus, at 32 acres and almost 3 million SF of rentable space, it is a “city within a city” that features a curated mix of contemporary offices, bespoke boutiques, and artisanal eateries, all served by a 4,000-stall parking structure that affords tenants 4 spaces per 1,000 SF.

WARNER MUSIC

Originally built in 1914 to manufacture Ford Model T automobiles, this property at 7th and Santa Fe was purchased by Shorenstein in 2014, and restored to its former glory just as the Arts District was taking off. In 2019 it became the new home of Warner Music Group, whose relocation from Burbank firmly established DTLA as a premier location for media and creative companies.

CALIFORNIA MARKET CENTER

Built in 1962 as a showroom and merchandising complex, it quickly became the heart of the world-renowned LA fashion industry. Comprising three towers and over 1.8 million SF, it was acquired by Brookfield Properties in 2017 - who has undertaken a $170M redevelopment and creative office repositioning featuring state-ofthe-art facilities, infrastructure, and amenities, including an open-air shopping plaza, rooftop terraces, and an Urbanspace food hall. The effort has already landed two major tenants in Adidas, who will occupy 107,000 SF and SPARC, who took 164,000 SF.

THE SWITCHYARD

Completed in 2019, this is one of several new Arts District properties built in an “industrial style” to complement the neighborhood character. Properties like this offer the same look and feel as their 100-yearold counterparts but are designed with modern tenant needs in mind. New owners SteelWave, who bought the property at the height of the pandemic, plan to add improved outdoor seating and upgraded lobbies to the already Class A property.

GEOGRAPHIC CLUSTERS

BUNKER HILL

A mix of soaring skyscrapers, internationally-known cultural institutions, and world-class architecture, Bunker Hill is also home to an increasing concentration of desirable residential properties. The success of The Broad, Disney Concert Hall, and the recently opened Conrad Hotel at The Grand LA has ushered in a new population, activating the area on evenings and weekends. With the opening of the Regional Connector, even more Angelenos now have convenient access to the area.

FINANCIAL DISTRICT

Dense, diverse, and dynamic, the Financial District is the heart of DTLA. Sitting at the center of the region’s Metro rail system, and possessing an unparalleled selection of restaurants, it is the epitome of convenience. The area is home to major retailers like Target, Macy’s, and Whole Foods, great hotels like The Sheraton and InterContinental, and authentic attractions like Pershing Square and the Jewelry District. Rental and condo properties add a residential community that keeps the neighborhood buzzing through the day and into the evening.

HISTORIC CORE / FASHION DISTRICT

With its collection of classic buildings adapted for both office and residential use, this area boasts many of the things that originally put Los Angeles on the world stage – ornate movie palaces, showcase architecture, and the bustling Broadway corridor. It’s also where visitors can experience DTLA’s contemporary reputation as a one-of-akind food, arts, and shopping destination, with community events like Downtown Art Walk, and a popular weekly farmers market drawing crowds to the district through the week and weekend.

ARTS DISTRICT

Situated on the eastside of DTLA, adjacent to the LA River and railyards, the Arts District is famously home to galleries and cultural spaces, live/work lofts, and unique restaurants and retail in converted warehouses and former factories. It’s also become a haven of innovative space for technology, media, and other creative companies. The neighborhood’s buzz can be felt day and night and has made it one of the hottest real estate markets in the country.

n CLASS A n HISTORIC n INDUSTRIAL

The following pages include highlights from each of these areas. A comprehensive list of retail, restaurants, services, and other offerings in DTLA can be found at DowntownLA.com/Explore

AMENITIES

Arts & Entertainment Coffee

Dining & Drinks Get Outside Shopping

Transportation Health & Wellness

BUNKER HILL

FINANCIAL DISTRICT

ARTS DISTRICT

HISTORIC CORE / FASHION DISTRICT

BUNKER HILL

FEATURED PROPERTIES

1 FourFortyFour South Flower

2 US Bank Tower

3 The CalEdison

4 The Gas Company Tower

5 400 South Hope

6 Bank of America Plaza

7 Wells Fargo Center

8 1 Cal Plaza

9 City National 2Cal

AMENITIES HIGHLIGHTS

Angels Flight Pez Cantina

Grand Av Arts/Bunker Hill Metro Station

B of A Plaza Farmers Market

Ketchum Downtown YMCA

The Yard

Otium

Grand Central Market

The Broad

San Laurel

WORKS FINANCIAL DISTRICT

FEATURED PROPERTIES

1 865 Figueroa

2 777 Tower

3 EY Plaza

4 Wilshire Grand Center

5 Figueroa at Wilshire

6 818 Plaza

7 THE BLOC

8 City National Plaza

9 AON Center

10 KPMG Center

11 PacMutual

AMENITIES HIGHLIGHTS

FIGat7th

LA Fitness

Perch

WORKS

Little Sister

Bottega Louie

JoeyDTLA

Spire73

Grand Hope Park

Nice Coffee

LAAC

The BLOC

HISTORIC CORE / FASHION DISTRICT

FEATURED

PROPERTIES

1 The Western Pacific

2 California Market Center

3 The Garland Building

4 St. Vincent Jewelry Center

5 7MAIN

6 FABRIC

7 The Bradbury Building

8 The Trust

AMENITIES HIGHLIGHTS

Jewelry District

Pershing Square

Apple Tower Theatre

Historic Broadway Metro Station

ARTS DISTRICT

WORKS

FEATURED PROPERTIES

1 ROW DTLA

2 AT MATEO

3 The Maxwell

4 The Switchyard

5 Produce LA

6 Warner Music

7 2130 Violet

AMENITIES HIGHLIGHTS

ROW DTLA

Girl & the Goat Verve Roastery

Little Tokyo/Arts District Metro Station

TENANTS: OVERVIEW

n CLASS A

HISTORIC

INDUSTRIAL

WORKS

TENANTS

Financial services firms have long been drawn to Downtown for its Class A office spaces, prestige locations and amenities, easy freeway access, and even skyline signage opportunities. Renewals by some of the sector’s largest tenants underscore its continuing appeal.

Highlights:

• Bank of America

With one of the largest concentrations of courts and government agencies in the country, Downtown is a prime location for legal services, with globally-recognized firms like Fragomen (immigration) and Wilson Sonsini (tech) relocating to DTLA.

As the center of a global gateway city – one of the world’s largest regional economies – DTLA is ideal for B2B services firms. The concentration of businesses, range of industries, and access to the region, give these companies a competitive advantage.

• City National Bank

• Ernst & Young (EY) >

• Wells Fargo

FINANCE LEGAL

Highlights:

• Nixon Peabody

• White & Case >

• Gibson Dunn

• Sheppard Mullin

BUSINESS SERVICES

Highlights:

• Bambee HR

• Boston Consulting Group >

• McKinsey

• Willis Towers Watson

We’ve been very intentional about the culture we’re trying to create, the space where our people work, the benefits we provide, and our efforts...to be our employees’ most authentic working experience.” – Bambee HR

Downtown is the primary hub of the real estate industry in Los Angeles, and its most dynamic market. Leading firms like CBRE, Brookfield, and Rising Realty are pushing boundaries, embracing DTLA’s innovative spirit, and fueling its dynamic growth.

REAL ESTATE

Highlights:

• Brookfield

• CBRE >

• Onni Group

• Rising Realty

ENGINEERING

WORKS

Downtown is a natural fit for engineering with its concentration of related industries and government entities for LA City and County like LA Metro and Public Works departments. Talent is another big draw with three of the country’s best engineering schools – USC, UCLA, and CalTech nearby.

Highlights:

• AECOM >

• ARUP

• Buro Happold

• Psomas

ARCHITECTURE

Gensler’s relocation from Santa Monica sparked a wave that has made DTLA the center of the region’s architecture industry and attracted other creative industries. For these firms, being in Downtown, with the scale and scope of its development pipeline, is a major competitive advantage.

Highlights:

• CallisonRTKL

• Gensler >

• HOK Architecture

• JERDE

• Omgivning

It’s the fastest and hottest next chapter of real estate development, arguably, in LA. And that’s a place that we want to be.” – HOK

TENANTS

FASHION & LIFESTYLE

Downtown has long been the “back room” of the fashion industry, with the largest collection of wholesale businesses outside of NYC. Today, that supports a new generation of globally recognized designers and a new wave of fashion-tech companies making DTLA home.

Highlights:

• Adidas

• Burlington

• Califa Farms

• FARFETCH >

• Johnny Was

• K-Swiss

• Revolve Clothing

• SPARC

• Splendid / Ella Moss

The company was attracted to the property in part because of its proximity to the new hotels, apartments, bars, restarurants and cultural attractions that have mushroomed nearby.” – Adidas

We feel there will be an intrinsic benefit to immersing in the progressive culture of Downtown Los Angeles ... identify market trends where they happen, access a vibrant retail culture, identify synergies with other brands in the space and lay the best possible foundation for our future.” – K-Swiss

MEDIA & ENTERTAINMENT

The growth of media and entertainment in DTLA is tied to its emergence as a cultural center and hub of creative talent. From pioneers like Spotify to industry icons like Warner Music Group, Downtown is rapidly becoming the place to be.

Highlights:

• BUCK

• Spotify >

• Warner Music Group

• Zocalo Public Square

WORKS

MARKETING & COMMUNICATIONS

It’s no surprise that companies at the intersection of creative and commercial would be drawn to DTLA. Perhaps no other industry benefits more directly from close proximity to business clients and creative talent, and being immersed in the cultural energy that defines today’s Downtown.

Highlights:

• Be Social

• Conde Nast

• TubeScience

• WC+A >

We take pride in being part of a thriving creative community. Big brands, small start-ups, independent shops, cafés, and restaurants – we’re all here.” – Spotify

Downtown’s L.A.’s budding art, fashion, and food scene is a natural fit for WMG, as it is a magnet for businesses, entrepreneurs, and creatives.” – Warner Music Group

WORKS

TENANTS

TECHNOLOGY & INNOVATION

Emerging organically from the creative energy and diversity of industries and talent in DTLA, the rapidly growing tech scene is one of Downtown’s most dynamic sectors.

With critical mass in key areas such as educational institutions, research funding, industry infrastructure, talent base, entrepreneurial ventures, and funding sources, DTLA’s innovation ecosystem is increasingly able to attract and nurture new firms, creative talent, and business investment.

The same qualities that make DTLA a great place to live, work and play – community, culture, and convenience –also make it a compelling base for innovative companies.

Highlights:

• Ghost Management

• GMV

• Honey >

• HopSkipDrive

• LACI

• Magnopus

• NationBuilder >

• Netmarble US

• Oblong Industries

• Virgin Hyperloop

We want to be in the center of the action because Western expansion is a key driver of us expanding our business. It makes a lot more sense to be downtown than stay in Orange County.” – Netmarble US

WORKS

CO-WORKING

DTLA is home to a robust selection of co-working spaces, including a diverse mix of global brands, national players, and local ventures. No matter what kind of space you are looking for, you will find it in DTLA.

Highlights:

• As We Dwell

• Bond Collective

• CARR Workplaces >

• CENTRL Office

• Green Street

• Industrious

• Maker City LA

• NeueHouse >

• PeopleSpace

• Premier Workspaces

• Regus

• Serendipity Labs

• Sew FYI

• Union Cowork

• Wilshire 1001

• SPACES >

• WeWork

TALENT

The convenience of its location at the center of both the freeway and transit system combined with the depth and breadth of its amenities for workers, and its uniquely dynamic energy, gives Downtown a competitive advantage for employers seeking to attract and retain top talent.

315 , 000 JOBS

$85 , 000 AVERAGE HOUSEHOLD INCOME

92% EXPECT TO RETURN TO OFFICE 59%

21% JOB GROWTH IN “KNOWLEDGE INDUSTRIES”

The most highly sought after talent are in the so-called "knowledge industries" which are well represented in DTLA, at 28% of the total workforce. These sectors are also adding jobs in Downtown, having grown by 21% since 2010.

When looking for new offices, we took many factors into consideration, including square footage, location, and commutes... But above all, we wanted an exciting space that enables us to preserve our unique company cultures, while promoting greater collaboration across divisions. – Warner Music Group

We were in search of a ‘forever home’ to consolidate Forever 21’s headquarters and Lucky Brand’s West Coast offices. Between the large open and efficient floor plates and a centralized location as well as an incredible history anchoring the West Coast fashion industry, CMC was a perfect fit for us. –

SPARC

DTLA is one of the key financial epicenters of Southern California, which is very desirable to employees and other businesses... The synergies of this location are important to our human capital and the future growth of our firm both nationally and internationally.

– American Realty Advisors

WORKS

EMBRACING LIVE/WORK

The population of Downtown LA has grown to over 90,000 and shows no sign of slowing. For many who are drawn to the urban lifestyle, reducing or eliminating the commute is often one of the key benefits. Nowhere else in the LA region will you find more opportunity for such an experience.

44% WALK, BIKE, TAKE TRANSIT, OR WORK FROM HOME

62%

WORKS

COMMUTER ACCESS

The maps below demonstrate how being at the center of LA’s freeway and rail systems provides multiple commuting

7 mile Radius

57% of DTLA workers commute less than 7 miles from their home.

Source: Placer.ai

Nick Griffin, Executive Director (213) 416-7522 I ngriffin@downtownla.com

Elan Shore, Director, Economic Development (213) 416-7518 I eshore@downtownla.com