Los Angeles
Welcome to /c/LosAngeles, the ultimate online forum for everything related to the City of Angels! This bustling community is designed for Angelenos, tourists, and dreamers alike, to discuss, discover, and engage with all things LA. From the glittering Hollywood Walk of Fame to the city's eclectic food scene, the stunning beaches of Santa Monica to the vibrant art of the Getty, this community shines a spotlight on the vast cultural, social, and physical landscapes of Los Angeles.
Our threads span a wide spectrum of topics, including local events, restaurant recommendations, traffic tips, historical discussions, and insightful exchanges about life in LA's numerous neighborhoods. Whether you're looking to swap stories about surviving the 405, share your sunset photos from Griffith Observatory, or ask for advice about navigating LA's dynamic job market, /c/LosAngeles is your community. Join us and immerse yourself in the diverse and ever-evolving narratives that make up this vibrant, sprawling city we call home.
Related Communities:
Nearby Communities:
- California
- Bakersfield, CA
- Bay Area, CA
- Burbank, CA
- Fresno, CA
- Long Beach, CA
- Los Angeles, CA
- Oakland, CA
- San Diego, CA
- San Jose, CA
- San Francisco, CA
- Sacramento, CA
- Santa Clarita, CA
view the rest of the comments
The whole commercial market has been inflated for decades. Not just offices but shops too. Companies who refuse to lower rents, because it would lower the value of their property, despite it being empty for months or even years.
It'll be interesting to see if it finally crashes.
I do hope they don't simply deregulate and turn these properties into overpriced housing. They're often unsuitable for that purpose.
Part of the problem is that their mortgage usually sets a minimum price per square foot. That means that if the market crashes, the landlords can’t lease for market price without getting their investors to approve. That’s part of the reason why there’s so much empty space, because prices haven’t come down much.