"It's a big deal, a very big decision for the firm," President Gary Wedbush said of the move. "The pandemic and COVID created a different kind of office for us."
The firm is leaving behind Wedbush Center, which overlooks the Harbor Freeway and sports two signs on top bearing the company name. Wedbush has been headquartered in the Wilshire Boulevard building since 2001 and its lease expires next year.
With most employees required to be in the office only a third of the time, Wedbush is creating an office oriented toward shared workspaces that can be used as needed by various employees instead of assigned desks, he said.
The move was also influenced by the changed nature of downtown's financial district since thousands of office workers departed during the COVID-related shutdown and probably won't return again in pre-pandemic numbers.
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