Third-tallest tower in Los Angeles sells for 45% less than last purchase price as remote work, interest rates drive down office values

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Remote work hits LA office space, Aon Center sale shows | Fortune

https://fortune.com/2023/12/23/remote-work-interest-rates-commercial-real-estate-los-angeles-aon-center/amp/

With almost 30% of downtown LA office space available for lease or sublease, the value of the 62-story Aon Center plummeted.