Office Space

The Los Angeles economy is strong, and commercial businesses in the Downtown Center District are expanding. Demand for office space is accelerating in Class A office buildings, especially prestigious projects such as the 73-story Library Tower, the City's tallest structure. Upcoming attractions - Walt Disney Concert Hall and The Cathedral of Our Lady of the Angels, to name but two - make the timing opportune for new economic investment in the area, both in real estate and commercial development. The area offers two significant competitive advantages in cost and choice. The office market remains attractively priced, and there is a wide range of desirable office towers, ranging from more than 20 Class A skyscrapers to several historic structures of architectural note, such as the Oviatt and Bradbury buildings.

Class A - Defined by BOMA (Building Owners Managers Association of Greater Los Angeles) as the most prestigious buildings competing for premier office users with above average rental rates for the real estate along with high quality standard finishes, state of the art systems, exceptional accessibility and a definite market presence.

Class B - Defined by BOMA as buildings competing for a wide range of users with rents in the average range for the area. Building finishes are fair to good for the area and the systems are adequate, but the building does not compete with Class A at the same price.

Class C - Defined by BOMA as buildings competing for tenants requiring functional space at rents below the average for the area.