Leasing

The property was originally built in 2000 as part of the Merrill Lynch corporate campus and consists of three office buildings totaling 380,417 square feet.

Entertainment companies have been a major driver of office leasing in L.A., but the pandemic will stall that activity.

The Dot Com Bubble and the 2008 Financial Crisis could inform the damage to come and the recovery in the current dislocation.

The majority of survey participants anticipate that the economy will need at least 12 months to 24 months to fully recover from the pandemic while 30% of participants project a two-year to five-year recovery.

It's a long list that ranges from virtual floor tours, the execution of documents, cleaning, deliveries and amenities.

The 100% leased property is anchored by Home Depot and also includes PetSmart, Wendy's, T-Mobile and Mattress Firm on its tenant roster.

The Midtown South submarket will continue to offer tremendous value even despite the coronavirus, says ABS' Ronald Zimmerman.

With stores like Neiman Marcus, JC Penney and Pier 1 struggling, there could be excess retail warehouse space later this year, particularly in the Inland Empire.