Private and Owner-User Buyers Dominate Los Angeles Office Transactions in 2023

With the concerns Los Angeles’ office sector faces, including record vacancy and increasing receptiveness to hybrid work strategies, some investors have shifted attention away from office investments. This shift resulted in restrained activity in 2023 and a shift in buyer profiles. Private buyers and owner-users were notably more active in 2023 than in years past, whereas institutional and private equity buyers backed away from the sector.