Deloitte is relocating its regional headquarters from the Gas Company Tower in Downtown Los Angeles to El Segundo, signing a long-term lease for 81,300 square feet. This decision highlights a growing mistrust in Downtown LA's commercial viability, further exacerbated by the county's recent $200 million purchase of the tower amid unclear future plans. With key tenants like Southern California Gas moving away, questions loom over the future of one of LA's previously coveted office spaces.
Deloitte's relocation to El Segundo marks a significant shift, indicating doubts about the future viability of Downtown Los Angeles' once-prestigious office market.
This move represents a retreat from a long-time base, suggesting broader concerns regarding the value of high-profile commercial properties in Downtown LA.
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