LOS ANGELES-A West side and downtown rent gap is widening. But it is not near levels that might signal the start of another recession, according to a report from Jones Lang LaSalle.
Historically, the West side of L.A. and its nearby towns have attracted tech startups and media companies, while downtown L.A. has been home to large legal and financial service companies. The strong growth rates of the high-risk, high-reward tech and media companies on the West side often leads to a rent gap between them and downtown's more traditional and conservative businesses.
The West side tenants typically experience exponential growth and quickly outgrow their existing premises, but are also quick to downsize. This volatile environment helps create the conditions where rent gaps between volatile companies and downtown's conservatives can potentially grow.
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
