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Date: Tue, 11 Mar 2025 22:41:53 +0000 (UTC)
From: Jeff Tabor <jeff@jefftaborgroup.com>
Mime-Version: 1.0
Subject: 5 Years After Covid, Los Angeles' Return to Office Lags The Nation
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To: Andrew Sterling <andrew@sterlingcal.com>
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<html><head><style> @media screen and (max-width:525px) { table { width:100=
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		<center style=3D"width:100%;">
		<p style=3D"font-size:7px;line-height:1; text-align:center; font-family:A=
rial,Verdana;">
				<a href=3D"" style=3D"display:none;"><img src=3D"http://url9120.jefftab=
orgroup.com/ls/click?upn=3Du001.CnneDJtL18c0KF7hpGsftkbdVHjxwkLD-2FpVBbK5ds=
Ld0C-2BxMNy3hDGvg-2FlqR9QJnUG8Dgr6Ubj2gtc5SSf-2FyN-2FA67PqnHMB-2FNba4xF-2B3=
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x;margin:30px 2px;background: #fff;border: 2px solid #fff;padding:10px;"><t=
r class=3D"removeTable"><td width=3D"100%" class=3D"removeTable" style=3D"w=
idth:100%;">
		<!--[if (gte mso 9)|(IE)]><!--[if (gte mso 9)|(IE)]>
			<table bgcolor=3D"#fff" width=3D"850" style=3D" background: #fff; border=
: 0px; " align=3D"center" cellpadding=3D"0" cellspacing=3D"0" border=3D"0">
			<tr><td><![endif]--><table style=3D"width: 100%; margin-right: calc(0%);=
 margin-left: calc(0%);"><tbody><tr><td style=3D"width: 100.0000%;"><span s=
tyle=3D'font-family: "Times New Roman", Times, serif; font-size: 15px;'>Goo=
d afternoon, Andrew.<br><br>The below was in yesterday&rsquo;s edition of B=
isnow. I, for one, <strong><em>do not share</em></strong> the rosy sentimen=
ts expressed by the brokers quoted&hellip;probably because I only represent=
 tenants and they have to tow the line of the landlords out there.<br><br>I=
 am in and out of office buildings daily. I can attest to 20% or less full =
parking lots, vacant common areas and bored looking lobby attendants.<br><b=
r>Have a great rest of the week, Andrew. If there is anything I can do for =
you (reviewing landlord operating expenses, sharing some insight as to what=
 is going on in your building, current market deals, etc.) please reach out=
.</span><br><span style=3D'font-family: "Times New Roman", Times, serif; fo=
nt-size: 15px;'><br>Sincerely,</span><br><br></td></tr></tbody></table><tab=
le style=3D"width: 90%;margin-right: calc(33%);"><tbody><tr><td style=3D"wi=
dth: 32.3523%;"><span style=3D"font-family: Times New Roman, Times, serif;"=
><span style=3D"font-size: 15px;"><img src=3D"http://url9120.jefftaborgroup=
.com/ls/click?upn=3Du001.CnneDJtL18c0KF7hpGsftqZdxjjaPti6PXrVEZM-2FDzH6A1Kj=
kKZkyq1ql4L2yOucSAWwbMp1GLFjkDVjTfRXPbWD8guVJdtVpthPLaXvUXk-3DeYEE_QXnTW6f9=
jV7ots26-2Fd0iCGLOO4geXRd-2FVUltDSV-2BScFI09nRwiQVARNn54-2BZEYodFffpVnNMLOm=
-2BfTHc2MJ-2BE2xslWsNydqdzJGhqF0ZOi-2FCxkSW9ZItebN766GGusyTBXlKuI5xSfhExHuB=
OQwjx3JxfQO-2Fmegh5csjVtvMlogEWjhpAI6Wq-2Be97ojVpTYtj3cf-2Fx2rDTzPg37d2MZqW=
GR-2FGgI7c7lmUqrpFKEGK8gi-2FbBqI2Mg4vnXCfq5bkRCROHcTAGkzyWdj-2FcDxL47K6PGMs=
e6cnNBwK-2Fll1F5xoLotstivVmx8vdaURI2oYJDGvqt9Imw-2F-2B1Qun4MKf6dMg-3D-3D cl=
ass=3D"fr-fic fr-dii"><br></span></span></td><td style=3D"width: 67.2987%;"=
><span style=3D"font-family: Times New Roman, Times, serif;"><span style=3D=
"font-size: 15px;"><span style=3D"color: rgb(45, 50, 94);"><strong>Jeffrey =
A. Tabor</strong> &ndash; Founder/CEO<br><a href=3D"mailto:Jeff@JeffTaborGr=
oup.com" style=3D"color:blue; text-decoration:none;"><u>Jeff@JeffTaborGroup=
.com</u></a><br><a href=3D"http://url9120.jefftaborgroup.com/ls/click?upn=
=3Du001.58gO0neDR8pz1ndbNtrdgfdECOtr9WF5xSePBxZLFJKeDCNE-2F6dYLDegZkV3SyNQ-=
h2V_QXnTW6f9jV7ots26-2Fd0iCGLOO4geXRd-2FVUltDSV-2BScFI09nRwiQVARNn54-2BZEYo=
dFffpVnNMLOm-2BfTHc2MJ-2BE2xslWsNydqdzJGhqF0ZOi-2FCxkSW9ZItebN766GGusyTBXlK=
uI5xSfhExHuBOQwjx3JxfQO-2Fmegh5csjVtvMlogsJ5pcaOgx7oYBuZlIyFo1TDAawwsa-2BIM=
-2BrLuCPcpkKpJ3UPI15jCv-2FdliOWzy7RoOz5WzgiIJalD4Bt0ZN5y-2BuCSonv6uKnmlWhQL=
XRDuHwcon2SLJmllwCv1WFQuPgQ5vKcdmTtGwbgEavGtqiW0wpi5q5VsfG8EUcZVCx31Zg-3D-3=
D rel=3D"noopener noreferrer" style=3D"color:blue; text-decoration:none;" t=
arget=3D"_blank"><u>JeffTaborGroup.com</u></a><br>(800) 507-6673<br>RE Lice=
nse # 01015287<br><br><em>Connect with me on LinkedIn:&nbsp;</em><a href=3D=
"http://url9120.jefftaborgroup.com/ls/click?upn=3Du001.CnneDJtL18c0KF7hpGsf=
tiERcYijO7IApB-2BSlvZ-2FfkHwKCYmnpIH82aiRA8HdRT4duVVKaoLDPpJiHcCfekSIQ-3D-3=
DH0H0_QXnTW6f9jV7ots26-2Fd0iCGLOO4geXRd-2FVUltDSV-2BScFI09nRwiQVARNn54-2BZE=
YodFffpVnNMLOm-2BfTHc2MJ-2BE2xslWsNydqdzJGhqF0ZOi-2FCxkSW9ZItebN766GGusyTBX=
lKuI5xSfhExHuBOQwjx3JxfQO-2Fmegh5csjVtvMlojiYbQEnWrkYlUwXhZvrBE8XDKxHYwtyYx=
KO-2BpcKmohDfUaFE-2FlMkulkM1JTtqI0S-2BlpL1Ld4tp-2Bhv4Tg2WzRYpeskuxVSCeujyr2=
BNzaD9S-2B-2FLiAsrJ3dcjSStZCAiSKTI4FrC0LF8BuqqHuONWiFRICIW65AggiB2NIu1axB3s=
A-3D-3D rel=3D"noopener noreferrer" style=3D"color:blue; text-decoration:no=
ne;" target=3D"_blank"><u><em>Jeffrey A. Tabor</em></u></a></span><br></spa=
n></span></td></tr></tbody></table><p><br></p><p><img src=3D"http://url9120=
.jefftaborgroup.com/ls/click?upn=3Du001.CnneDJtL18c0KF7hpGsftqZdxjjaPti6PXr=
VEZM-2FDzEkWlPdT0A8vhjXnbuzIoyPLvbKpUokaJvVv2foWI5K3w-3D-3D2tw4_QXnTW6f9jV7=
ots26-2Fd0iCGLOO4geXRd-2FVUltDSV-2BScFI09nRwiQVARNn54-2BZEYodFffpVnNMLOm-2B=
fTHc2MJ-2BE2xslWsNydqdzJGhqF0ZOi-2FCxkSW9ZItebN766GGusyTBXlKuI5xSfhExHuBOQw=
jx3JxfQO-2Fmegh5csjVtvMlohvsdqH4eTAifQpivIkNREq2dHr8OZxy3qL7HoCOzKk8lPAkG9o=
empE-2Fwcu7rS9fE0E-2F-2FJxWOkoKPXZcP2NXf8T-2FNQKNxqlfvaXOP-2F2ZZ8-2FsNSWQKv=
WmpGFCHS9-2FlVeraI3lXnxdxWJeYfohIbHGljkhv55P9wxhTQAaWboesQi6A-3D-3D class=
=3D"fr-fic fr-dib" width=3D"588" style=3D"width: 588px;"><br><br><br></p><p=
><strong><span style=3D'font-family: "Times New Roman", Times, serif; font-=
size: 20px;'>5 Years After Covid, Los Angeles&#39; Return to Office Lags Th=
e Nation</span></strong><br><br><strong><span style=3D'font-family: "Times =
New Roman", Times, serif; font-size: 20px;'><img width=3D"578" height=3D"31=
5" src=3D"http://url9120.jefftaborgroup.com/ls/click?upn=3Du001.CnneDJtL18c=
0KF7hpGsftqZdxjjaPti6PXrVEZM-2FDzEkWlPdT0A8vhjXnbuzIoyPH-2BGa1AQGMZXqC4qZ4e=
-2By-2Fmjfnijo1VM3PyN6USPdj-2Fk-3D51D6_QXnTW6f9jV7ots26-2Fd0iCGLOO4geXRd-2F=
VUltDSV-2BScFI09nRwiQVARNn54-2BZEYodFffpVnNMLOm-2BfTHc2MJ-2BE2xslWsNydqdzJG=
hqF0ZOi-2FCxkSW9ZItebN766GGusyTBXlKuI5xSfhExHuBOQwjx3JxfQO-2Fmegh5csjVtvMlo=
hH1GJl0upjq4flV3-2FaGXOoKbnLQ8iK7SJ4LfrM40EHOizy6h3nRWghAdXae-2FO-2F-2FUaFb=
Fya0e4GCCwYjeulce09LzEsDh4c0hI7cpJU4DQptQcAvGNoDK4QPDvuX-2Ff0IpPvPvsUO6I11G=
UV4sHbwBW7lmjsRj2IV2fOhl5w1jN-2B7w-3D-3D border=3D"0" class=3D"fr-fic fr-di=
i" style=3D"width: 578px;"></span></strong><br></p><p><span style=3D'font-f=
amily: "Times New Roman", Times, serif; font-size: 15px;'>Los Angeles consi=
stently lags the national average on postpandemic office attendance, with t=
wo different usage metrics coming in at less than 50% of the city&#39;s pre=
pandemic average.</span></p><p><span style=3D"font-size: 15px;"><span style=
=3D"font-family: Times New Roman, Times, serif;">Nationwide, the average is=
 closer to 60%.</span></span></p><p><span style=3D"font-size: 15px;"><span =
style=3D"font-family: Times New Roman, Times, serif;">Industry professional=
s are quick to say that the numbers don&rsquo;t tell the whole story, and t=
here&rsquo;s nuance to Los Angeles&rsquo; office landscape.</span></span></=
p><p><span style=3D"font-size: 15px;"><span style=3D"font-family: Times New=
 Roman, Times, serif;">The sheer size of the city makes it hard to make swe=
eping statements. Numbers and the realities on the street vary widely betwe=
en neighborhoods like Downtown and Century City, for example.</span></span>=
</p><p><span style=3D"font-size: 15px;"><span style=3D"font-family: Times N=
ew Roman, Times, serif;">&ldquo;I really do think something&#39;s happening=
 with return-to-office that&#39;s not being picked up by either Kastle or e=
ven Placer.ai &mdash; that the return to office is much more robust than th=
e statistics are showing,&rdquo; said Michael Soto, Savills vice president =
of research for the West region.</span></span></p><p><span style=3D"font-si=
ze: 15px;"><span style=3D"font-family: Times New Roman, Times, serif;">The =
numbers are lackluster. Kastle Systems shows that Los Angeles&rsquo; office=
 attendance peaked in 2023, when office attendance reached 47.1% of prepand=
emic levels. For 2024, the average dropped slightly to 46.1%, while the nat=
ional average among the top 10 highest attended metros was 49.6%.</span></s=
pan></p><p><span style=3D"font-size: 15px;"><span style=3D"font-family: Tim=
es New Roman, Times, serif;">Kastle does not share details about the buildi=
ngs where card swipes are tracked, which makes up the basis of the company&=
#39;s data. That means it&#39;s impossible to tell whether they are concent=
rated in a district that&rsquo;s closer to Downtown&rsquo;s attendance or C=
entury City&rsquo;s.</span></span></p><p><span style=3D"font-size: 15px;"><=
span style=3D"font-family: Times New Roman, Times, serif;">But Placer.ai, w=
hich uses cell phone data to compile its totals, similarly shows a return-t=
o-office &ldquo;recovery rate&rdquo; of 49% for the Los Angeles area across=
 all building types, while the national average is about 60%.</span></span>=
</p><p><span style=3D"font-size: 15px;"><span style=3D"font-family: Times N=
ew Roman, Times, serif;">Most industry professionals don&rsquo;t dispute th=
at Los Angeles is behind the curve on bringing people back to the office, w=
hether it&rsquo;s for three or five days a week. Explanations range from th=
e sprawling nature of the city to the hangover of longer pandemic lockdowns=
.</span></span></p><p><span style=3D"font-size: 15px;"><span style=3D"font-=
family: Times New Roman, Times, serif;">&ldquo;We are a really, really big =
geography and the physical constraints of the commute certainly has ranked =
pretty heavily in why the return to office has been lagging,&rdquo; Newmark=
 Executive Managing Director Suzanne Lee said.</span></span></p><p><span st=
yle=3D'font-family: "Times New Roman", Times, serif; font-size: 15px;'>&ldq=
uo;But what we have seen consistently over the last 12 to 24 months is that=
 if the municipality &mdash; whatever municipality it may be &mdash; and pr=
operty owners are working collaboratively to create clean, safe districts o=
r environments &hellip; people are coming back, and they are coming back in=
 droves,&rdquo; Lee said.</span><br><br><span style=3D'font-family: "Times =
New Roman", Times, serif; font-size: 15px;'><img width=3D"578" height=3D"35=
1" src=3D"http://url9120.jefftaborgroup.com/ls/click?upn=3Du001.CnneDJtL18c=
0KF7hpGsftqZdxjjaPti6PXrVEZM-2FDzEkWlPdT0A8vhjXnbuzIoyPouj6Thc19Q1-2Bk3bGNJ=
G45-2FdQ5-2Fo-2BYAslJ8W2SWcFVHg-3D5YNm_QXnTW6f9jV7ots26-2Fd0iCGLOO4geXRd-2F=
VUltDSV-2BScFI09nRwiQVARNn54-2BZEYodFffpVnNMLOm-2BfTHc2MJ-2BE2xslWsNydqdzJG=
hqF0ZOi-2FCxkSW9ZItebN766GGusyTBXlKuI5xSfhExHuBOQwjx3JxfQO-2Fmegh5csjVtvMlo=
hPpGHYQu1WEwJUb47dmwKiPgo1Js2IqgCG4JRMBU1iX68Ved8yVwThFHBnkYod9ErEmj7We-2Bn=
MzgPQPPc9wmPOGP8qm2ldBPpH9stmiDli5EaX-2BfsQf-2BCrqKPdAF8w8rfVB4BZPUECfYCG45=
nrgrgEEXFMXX1str-2F6sSHt5EA7ew-3D-3D border=3D"0" class=3D"fr-fic fr-dii" s=
tyle=3D"width: 578px;"></span><br></p><p><span style=3D'font-family: "Times=
 New Roman", Times, serif; font-size: 15px;'>Lee held up Century City as an=
 example of the success of this approach, but beyond it, there aren&rsquo;t=
 many other submarkets in the Los Angeles area that have been able to repli=
cate the success of the Westside office hub.</span></p><p><span style=3D"fo=
nt-size: 15px;"><span style=3D"font-family: Times New Roman, Times, serif;"=
>Others also blamed the longer lockdown period that Los Angeles and many We=
st Coast cities experienced during the pandemic. Those cities that were slo=
wer to open up, they suggest, have been slower to return as well.</span></s=
pan></p><p><span style=3D"font-size: 15px;"><span style=3D"font-family: Tim=
es New Roman, Times, serif;">At least one sector that has been visibly slow=
 to return full-time to the office may be making a comeback, and its effect=
, at least for Los Angeles&rsquo; Downtown, could be significant.</span></s=
pan></p><p><span style=3D"font-size: 15px;"><span style=3D"font-family: Tim=
es New Roman, Times, serif;">The city could be poised for a change as manda=
tes for various government employees to come back into the office more regu=
larly proliferate. On his first day in office, President Donald Trump order=
ed federal workers to resume working in the office full-time, a change that=
 could mean 10,000 workers returning five days a week to Downtown, although=
 at least one major government worker union has pushed back against the mov=
e.</span></span></p><p><span style=3D"font-size: 15px;"><span style=3D"font=
-family: Times New Roman, Times, serif;">On Monday, Gov. Gavin Newsom order=
ed state agencies to call workers back into the office four days a week beg=
inning July 1. City employees&rsquo; remote work, however, tends to vary ba=
sed on department, The Real Deal reported.</span></span></p><p><span style=
=3D"font-size: 15px;"><span style=3D"font-family: Times New Roman, Times, s=
erif;">The general revival of attention to bringing workers back to the off=
ice for a majority of the time, like what&rsquo;s happening with government=
 workers, is similar to what Soto sees in the private sector as responsible=
 for the boost in office attendance he has anecdotally seen in the first fe=
w months of this year.</span></span></p><p><span style=3D"font-size: 15px;"=
><span style=3D"font-family: Times New Roman, Times, serif;">Employment num=
bers, he said, haven&rsquo;t risen significantly, but he knows brokers at h=
is firm are handling more tour requests and generally seeing an uptick in i=
nterest for office space.</span></span></p><p><span style=3D"font-size: 15p=
x;"><span style=3D"font-family: Times New Roman, Times, serif;">&ldquo;Ther=
e&#39;s all this anecdotal evidence of things being busier today than a yea=
r ago, and intuitively, you&#39;d think it would be driven almost completel=
y by job growth, but it&#39;s not, because job growth is pretty weak,&rdquo=
; Soto said. &ldquo;It&#39;s that a lot of occupiers have really firmed up =
their return-to-office plans.&rdquo;</span></span></p><p><span style=3D"fon=
t-size: 15px;"><span style=3D"font-family: Times New Roman, Times, serif;">=
As those plans take shape, employers are working to ensure that the return =
is smooth. The first thing that Kerin Van Andel, executive vice president o=
f workplace strategy at JLL, and her team do for any client is a location a=
nalysis to determine where workers are all coming from and ensuring that th=
e office is in a location that&rsquo;s working for the majority of people.<=
/span></span></p><p><span style=3D"font-size: 15px;"><span style=3D"font-fa=
mily: Times New Roman, Times, serif;">Gone are the days when office buildin=
g owners were trying to provide all the amenities an employee could need, s=
uch as a gym and a dry cleaner, Van Andel said.</span></span></p><p><span s=
tyle=3D"font-size: 15px;"><span style=3D"font-family: Times New Roman, Time=
s, serif;">People usually have their own preferred amenities &mdash; their =
neighborhood dry cleaner or their favorite salad place &mdash; and they&rsq=
uo;re going to go there, Van Andel said. Instead, technology, like WiFi tha=
t is faster than what employees have at home, is critical.</span></span></p=
><p><span style=3D"font-size: 15px;"><span style=3D"font-family: Times New =
Roman, Times, serif;">Within offices, Van Andel is seeing a shift away from=
 larger communal spaces like conference rooms into smaller spaces that can =
be used by a few people or a small team to meet and collaborate in private.=
 Small private spaces like phone booths are also quite popular in office sp=
aces still.</span></span></p><p><span style=3D'font-family: "Times New Roma=
n", Times, serif; font-size: 15px;'>&nbsp;&ldquo;&lsquo;If you&#39;re going=
 to ask us to come into the office, have a plan,&rsquo;&rdquo; Van Andel sa=
id, echoing employee requests she often hears.</span></p><!--[if (gte mso 9=
)|(IE)]></td></tr></table><![endif]-->
		</td></tr></table>
		<table border=3D"0" align=3D"left" cellpadding=3D"0" cellspacing=3D"0" st=
yle=3D"max-width:none;width:100%;color:#999999;font-style:normal;font-size:=
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			<td style=3D"color:#999999;font-style:normal;font-size: 10pt;font-family=
:Helvetica,Arial,sans-serif;width:100% !important; text-align:left;"><p><sp=
an style=3D"color:#FFFFFF;">Jeff Tabor Group=A0| 501 W. Broadway, Suite 800=
=A0| San Diego=A0| CA | 92101</span></p></td>
		  </tr>
		 <tr>
			<td style=3D"color:#999999;font-style:normal;font-size: 10pt;font-family=
:Helvetica,Arial,sans-serif; text-align:left;width:100% !important;"><a hre=
f=3D"http://url9120.jefftaborgroup.com/ls/click?upn=3Du001.CnneDJtL18c0KF7h=
pGsftl-2BfRkuLrBWBA9VPLt7jZZHSBndRWQrGywnltN8b5kjOLYbfdvHBuQbaDjteyNd8sQH-2=
B0VAF05Exw4-2Bndk2u1PHdJmbELtg0L6Tt9LeD7C70R4lG1iPOLogRtHZpeEKs-2B4PsFwJEQs=
9TRt-2FB-2BYXS5QPtPSw62HHm2aBYc5gX2cU4_rca_QXnTW6f9jV7ots26-2Fd0iCGLOO4geXR=
d-2FVUltDSV-2BScFI09nRwiQVARNn54-2BZEYodFffpVnNMLOm-2BfTHc2MJ-2BE2xslWsNydq=
dzJGhqF0ZOi-2FCxkSW9ZItebN766GGusyTBXlKuI5xSfhExHuBOQwjx3JxfQO-2Fmegh5csjVt=
vMlojJPwScOLmY0wRQyRzkNIr4XVYHXsB8XnaXfZmkT-2FzMlyfbFRF4d3fOhJxKeSB33oklLqk=
jPokmL41q-2BBZeJBIHMBbkGn1VZLrm4yQ9TQlHNBKZ5EPBm-2Bk77izvhNt1OqxTRtGcmXl2n-=
2F3-2FKQxjs83Akp89xqZVGFOVC0qNDchU7g-3D-3D style=3D"color:#999999;font-styl=
e:normal;font-size: 10pt;font-family:Helvetica,Arial,sans-serif;"> Unsubscr=
ibe</a>     |    =20
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<html><head><style> @media screen and (max-width:525px) { table { width:100=
% !important; } div { width:100% !important;  }  img {  max-width:100% !imp=
ortant; } }  img { padding:0px !important;margin:0px; } .social img{ displa=
y: inline-block; } p{ padding:0px !important;margin:0 0 10px 0px !important=
; clear:both !important; } h1,h2,h3,h4,h5,h6{ clear:both !important; } tabl=
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x; }  </style></head>
		<table align=3D"center" border=3D"0" cellspacing=3D"0" cellpadding=3D"0" =
width=3D"100%" bgcolor=3D"" style=3D"table-layout:fixed;width:100%;"> <tbod=
y> <tr> <td align=3D"center">=20
		<center style=3D"width:100%;">
		<p style=3D"font-size:7px;line-height:1; text-align:center; font-family:A=
rial,Verdana;">
				<a href=3D"" style=3D"display:none;"><img src=3D"https://love.sam.ai/im=
ages/placeholder.png?viewerId=3DNTE4Ng=3D=3D&viewerIs=3D12287366" style=3D"=
display:none;"></a>
				</p>
		<table bgcolor=3D"#fff" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" =
 align=3D"left" width=3D"650" class=3D"removeTable" style=3D"max-width:650p=
x;margin:30px 2px;background: #fff;border: 2px solid #fff;padding:10px;"><t=
r class=3D"removeTable"><td width=3D"100%" class=3D"removeTable" style=3D"w=
idth:100%;">
		<!--[if (gte mso 9)|(IE)]><!--[if (gte mso 9)|(IE)]>
			<table bgcolor=3D"#fff" width=3D"850" style=3D" background: #fff; border=
: 0px; " align=3D"center" cellpadding=3D"0" cellspacing=3D"0" border=3D"0">
			<tr><td><![endif]--><table style=3D"width: 100%; margin-right: calc(0%);=
 margin-left: calc(0%);"><tbody><tr><td style=3D"width: 100.0000%;"><span s=
tyle=3D'font-family: "Times New Roman", Times, serif; font-size: 15px;'>Goo=
d afternoon, Andrew.<br><br>The below was in yesterday&rsquo;s edition of B=
isnow. I, for one, <strong><em>do not share</em></strong> the rosy sentimen=
ts expressed by the brokers quoted&hellip;probably because I only represent=
 tenants and they have to tow the line of the landlords out there.<br><br>I=
 am in and out of office buildings daily. I can attest to 20% or less full =
parking lots, vacant common areas and bored looking lobby attendants.<br><b=
r>Have a great rest of the week, Andrew. If there is anything I can do for =
you (reviewing landlord operating expenses, sharing some insight as to what=
 is going on in your building, current market deals, etc.) please reach out=
.</span><br><span style=3D'font-family: "Times New Roman", Times, serif; fo=
nt-size: 15px;'><br>Sincerely,</span><br><br></td></tr></tbody></table><tab=
le style=3D"width: 90%;margin-right: calc(33%);"><tbody><tr><td style=3D"wi=
dth: 32.3523%;"><span style=3D"font-family: Times New Roman, Times, serif;"=
><span style=3D"font-size: 15px;"><img src=3D"https://love.sam.ai/ckImages/=
images/483/res/image004_2.png" class=3D"fr-fic fr-dii"><br></span></span></=
td><td style=3D"width: 67.2987%;"><span style=3D"font-family: Times New Rom=
an, Times, serif;"><span style=3D"font-size: 15px;"><span style=3D"color: r=
gb(45, 50, 94);"><strong>Jeffrey A. Tabor</strong> &ndash; Founder/CEO<br><=
a href=3D"mailto:Jeff@JeffTaborGroup.com" style=3D"color:blue; text-decorat=
ion:none;"><u>Jeff@JeffTaborGroup.com</u></a><br><a href=3D"http://url9120.=
jefftaborgroup.com/ls/click?upn=3Du001.58gO0neDR8pz1ndbNtrdgfdECOtr9WF5xSeP=
BxZLFJLE8Y-2BrcQVGzBlbcM90KMPTcCam_QXnTW6f9jV7ots26-2Fd0iCGLOO4geXRd-2FVUlt=
DSV-2BScFI09nRwiQVARNn54-2BZEYodFffpVnNMLOm-2BfTHc2MJ-2BE2xslWsNydqdzJGhqF0=
ZOi-2FCxkSW9ZItebN766GGusyTBXlKuI5xSfhExHuBOQwjx3JxfQO-2Fmegh5csjVtvMlohq1X=
GV5z5S4Jd1hOu-2BbDtB0m8vcsTxrHYB-2BOdrWoqdi0J8XyuFbv1F5n2lKp3a4sGTyaePDmheq=
O2nO1XBruDCQJT98IMfTbesAdo0TowFfPU7Q1WRRA-2BW-2BT64FnGx4fwnEH21uva09Hr9zSlq=
T2q9MikAQO0cyRIRnkPue7oVoQ-3D-3D" rel=3D"noopener noreferrer" style=3D"colo=
r:blue; text-decoration:none;" target=3D"_blank"><u>JeffTaborGroup.com</u><=
/a><br>(800) 507-6673<br>RE License # 01015287<br><br><em>Connect with me o=
n LinkedIn:&nbsp;</em><a href=3D"http://url9120.jefftaborgroup.com/ls/click=
?upn=3Du001.CnneDJtL18c0KF7hpGsftiERcYijO7IApB-2BSlvZ-2FfkHwKCYmnpIH82aiRA8=
HdRT4LMtbsPLss6pyDwj0TQE68g-3D-3DfCjm_QXnTW6f9jV7ots26-2Fd0iCGLOO4geXRd-2FV=
UltDSV-2BScFI09nRwiQVARNn54-2BZEYodFffpVnNMLOm-2BfTHc2MJ-2BE2xslWsNydqdzJGh=
qF0ZOi-2FCxkSW9ZItebN766GGusyTBXlKuI5xSfhExHuBOQwjx3JxfQO-2Fmegh5csjVtvMloj=
vYord4zR6BK8iLG-2FiMQ4G9MEzRL7tBErjb-2B3swbePi8SbfhPJvMUUJXITHYxz-2F7MmryxM=
ifC8NIe8COIbozjxcXBjr-2FiNwEJ0BMBlbniIoV93p6e3jLV-2BZMbyiKI-2F5WxuukGm1fub3=
CEXh7O-2FiclI0nOTVJ3cbl0f5wG-2BiTVJ3g-3D-3D" rel=3D"noopener noreferrer" st=
yle=3D"color:blue; text-decoration:none;" target=3D"_blank"><u><em>Jeffrey =
A. Tabor</em></u></a></span><br></span></span></td></tr></tbody></table><p>=
<br></p><p><img src=3D"https://love.sam.ai/ckImages/images/5186/footer.jpeg=
" class=3D"fr-fic fr-dib" width=3D"588" style=3D"width: 588px;"><br><br><br=
></p><p><strong><span style=3D'font-family: "Times New Roman", Times, serif=
; font-size: 20px;'>5 Years After Covid, Los Angeles&#39; Return to Office =
Lags The Nation</span></strong><br><br><strong><span style=3D'font-family: =
"Times New Roman", Times, serif; font-size: 20px;'><img width=3D"578" heigh=
t=3D"315" src=3D"https://love.sam.ai/ckImages/images/5186/1741732048877.jpg=
" border=3D"0" class=3D"fr-fic fr-dii" style=3D"width: 578px;"></span></str=
ong><br></p><p><span style=3D'font-family: "Times New Roman", Times, serif;=
 font-size: 15px;'>Los Angeles consistently lags the national average on po=
stpandemic office attendance, with two different usage metrics coming in at=
 less than 50% of the city&#39;s prepandemic average.</span></p><p><span st=
yle=3D"font-size: 15px;"><span style=3D"font-family: Times New Roman, Times=
, serif;">Nationwide, the average is closer to 60%.</span></span></p><p><sp=
an style=3D"font-size: 15px;"><span style=3D"font-family: Times New Roman, =
Times, serif;">Industry professionals are quick to say that the numbers don=
&rsquo;t tell the whole story, and there&rsquo;s nuance to Los Angeles&rsqu=
o; office landscape.</span></span></p><p><span style=3D"font-size: 15px;"><=
span style=3D"font-family: Times New Roman, Times, serif;">The sheer size o=
f the city makes it hard to make sweeping statements. Numbers and the reali=
ties on the street vary widely between neighborhoods like Downtown and Cent=
ury City, for example.</span></span></p><p><span style=3D"font-size: 15px;"=
><span style=3D"font-family: Times New Roman, Times, serif;">&ldquo;I reall=
y do think something&#39;s happening with return-to-office that&#39;s not b=
eing picked up by either Kastle or even Placer.ai &mdash; that the return t=
o office is much more robust than the statistics are showing,&rdquo; said M=
ichael Soto, Savills vice president of research for the West region.</span>=
</span></p><p><span style=3D"font-size: 15px;"><span style=3D"font-family: =
Times New Roman, Times, serif;">The numbers are lackluster. Kastle Systems =
shows that Los Angeles&rsquo; office attendance peaked in 2023, when office=
 attendance reached 47.1% of prepandemic levels. For 2024, the average drop=
ped slightly to 46.1%, while the national average among the top 10 highest =
attended metros was 49.6%.</span></span></p><p><span style=3D"font-size: 15=
px;"><span style=3D"font-family: Times New Roman, Times, serif;">Kastle doe=
s not share details about the buildings where card swipes are tracked, whic=
h makes up the basis of the company&#39;s data. That means it&#39;s impossi=
ble to tell whether they are concentrated in a district that&rsquo;s closer=
 to Downtown&rsquo;s attendance or Century City&rsquo;s.</span></span></p><=
p><span style=3D"font-size: 15px;"><span style=3D"font-family: Times New Ro=
man, Times, serif;">But Placer.ai, which uses cell phone data to compile it=
s totals, similarly shows a return-to-office &ldquo;recovery rate&rdquo; of=
 49% for the Los Angeles area across all building types, while the national=
 average is about 60%.</span></span></p><p><span style=3D"font-size: 15px;"=
><span style=3D"font-family: Times New Roman, Times, serif;">Most industry =
professionals don&rsquo;t dispute that Los Angeles is behind the curve on b=
ringing people back to the office, whether it&rsquo;s for three or five day=
s a week. Explanations range from the sprawling nature of the city to the h=
angover of longer pandemic lockdowns.</span></span></p><p><span style=3D"fo=
nt-size: 15px;"><span style=3D"font-family: Times New Roman, Times, serif;"=
>&ldquo;We are a really, really big geography and the physical constraints =
of the commute certainly has ranked pretty heavily in why the return to off=
ice has been lagging,&rdquo; Newmark Executive Managing Director Suzanne Le=
e said.</span></span></p><p><span style=3D'font-family: "Times New Roman", =
Times, serif; font-size: 15px;'>&ldquo;But what we have seen consistently o=
ver the last 12 to 24 months is that if the municipality &mdash; whatever m=
unicipality it may be &mdash; and property owners are working collaborative=
ly to create clean, safe districts or environments &hellip; people are comi=
ng back, and they are coming back in droves,&rdquo; Lee said.</span><br><br=
><span style=3D'font-family: "Times New Roman", Times, serif; font-size: 15=
px;'><img width=3D"578" height=3D"351" src=3D"https://love.sam.ai/ckImages/=
images/5186/1741732087778.jpg" border=3D"0" class=3D"fr-fic fr-dii" style=
=3D"width: 578px;"></span><br></p><p><span style=3D'font-family: "Times New=
 Roman", Times, serif; font-size: 15px;'>Lee held up Century City as an exa=
mple of the success of this approach, but beyond it, there aren&rsquo;t man=
y other submarkets in the Los Angeles area that have been able to replicate=
 the success of the Westside office hub.</span></p><p><span style=3D"font-s=
ize: 15px;"><span style=3D"font-family: Times New Roman, Times, serif;">Oth=
ers also blamed the longer lockdown period that Los Angeles and many West C=
oast cities experienced during the pandemic. Those cities that were slower =
to open up, they suggest, have been slower to return as well.</span></span>=
</p><p><span style=3D"font-size: 15px;"><span style=3D"font-family: Times N=
ew Roman, Times, serif;">At least one sector that has been visibly slow to =
return full-time to the office may be making a comeback, and its effect, at=
 least for Los Angeles&rsquo; Downtown, could be significant.</span></span>=
</p><p><span style=3D"font-size: 15px;"><span style=3D"font-family: Times N=
ew Roman, Times, serif;">The city could be poised for a change as mandates =
for various government employees to come back into the office more regularl=
y proliferate. On his first day in office, President Donald Trump ordered f=
ederal workers to resume working in the office full-time, a change that cou=
ld mean 10,000 workers returning five days a week to Downtown, although at =
least one major government worker union has pushed back against the move.</=
span></span></p><p><span style=3D"font-size: 15px;"><span style=3D"font-fam=
ily: Times New Roman, Times, serif;">On Monday, Gov. Gavin Newsom ordered s=
tate agencies to call workers back into the office four days a week beginni=
ng July 1. City employees&rsquo; remote work, however, tends to vary based =
on department, The Real Deal reported.</span></span></p><p><span style=3D"f=
ont-size: 15px;"><span style=3D"font-family: Times New Roman, Times, serif;=
">The general revival of attention to bringing workers back to the office f=
or a majority of the time, like what&rsquo;s happening with government work=
ers, is similar to what Soto sees in the private sector as responsible for =
the boost in office attendance he has anecdotally seen in the first few mon=
ths of this year.</span></span></p><p><span style=3D"font-size: 15px;"><spa=
n style=3D"font-family: Times New Roman, Times, serif;">Employment numbers,=
 he said, haven&rsquo;t risen significantly, but he knows brokers at his fi=
rm are handling more tour requests and generally seeing an uptick in intere=
st for office space.</span></span></p><p><span style=3D"font-size: 15px;"><=
span style=3D"font-family: Times New Roman, Times, serif;">&ldquo;There&#39=
;s all this anecdotal evidence of things being busier today than a year ago=
, and intuitively, you&#39;d think it would be driven almost completely by =
job growth, but it&#39;s not, because job growth is pretty weak,&rdquo; Sot=
o said. &ldquo;It&#39;s that a lot of occupiers have really firmed up their=
 return-to-office plans.&rdquo;</span></span></p><p><span style=3D"font-siz=
e: 15px;"><span style=3D"font-family: Times New Roman, Times, serif;">As th=
ose plans take shape, employers are working to ensure that the return is sm=
ooth. The first thing that Kerin Van Andel, executive vice president of wor=
kplace strategy at JLL, and her team do for any client is a location analys=
is to determine where workers are all coming from and ensuring that the off=
ice is in a location that&rsquo;s working for the majority of people.</span=
></span></p><p><span style=3D"font-size: 15px;"><span style=3D"font-family:=
 Times New Roman, Times, serif;">Gone are the days when office building own=
ers were trying to provide all the amenities an employee could need, such a=
s a gym and a dry cleaner, Van Andel said.</span></span></p><p><span style=
=3D"font-size: 15px;"><span style=3D"font-family: Times New Roman, Times, s=
erif;">People usually have their own preferred amenities &mdash; their neig=
hborhood dry cleaner or their favorite salad place &mdash; and they&rsquo;r=
e going to go there, Van Andel said. Instead, technology, like WiFi that is=
 faster than what employees have at home, is critical.</span></span></p><p>=
<span style=3D"font-size: 15px;"><span style=3D"font-family: Times New Roma=
n, Times, serif;">Within offices, Van Andel is seeing a shift away from lar=
ger communal spaces like conference rooms into smaller spaces that can be u=
sed by a few people or a small team to meet and collaborate in private. Sma=
ll private spaces like phone booths are also quite popular in office spaces=
 still.</span></span></p><p><span style=3D'font-family: "Times New Roman", =
Times, serif; font-size: 15px;'>&nbsp;&ldquo;&lsquo;If you&#39;re going to =
ask us to come into the office, have a plan,&rsquo;&rdquo; Van Andel said, =
echoing employee requests she often hears.</span></p><!--[if (gte mso 9)|(I=
E)]></td></tr></table><![endif]-->
		</td></tr></table>
		<table border=3D"0" align=3D"left" cellpadding=3D"0" cellspacing=3D"0" st=
yle=3D"max-width:none;width:100%;color:#999999;font-style:normal;font-size:=
 10pt;font-family: Helvetica,Arial,sans-serif;">
		 <tr>
			<td style=3D"color:#999999;font-style:normal;font-size: 10pt;font-family=
:Helvetica,Arial,sans-serif;width:100% !important; text-align:left;"><p><sp=
an style=3D"color:#FFFFFF;">Jeff Tabor Group=A0| 501 W. Broadway, Suite 800=
=A0| San Diego=A0| CA | 92101</span></p></td>
		  </tr>
		 <tr>
			<td style=3D"color:#999999;font-style:normal;font-size: 10pt;font-family=
:Helvetica,Arial,sans-serif; text-align:left;width:100% !important;"><a hre=
f=3D"http://url9120.jefftaborgroup.com/ls/click?upn=3Du001.CnneDJtL18c0KF7h=
pGsftl-2BfRkuLrBWBA9VPLt7jZZHSBndRWQrGywnltN8b5kjOLYbfdvHBuQbaDjteyNd8sQH-2=
B0VAF05Exw4-2Bndk2u1PHdJmbELtg0L6Tt9LeD7C70R4lG1iPOLogRtHZpeEKs-2B4PsFwJEQs=
9TRt-2FB-2BYXS5QPxGyCfjct4EZfo-2Bro2YiFE3V0E_QXnTW6f9jV7ots26-2Fd0iCGLOO4ge=
XRd-2FVUltDSV-2BScFI09nRwiQVARNn54-2BZEYodFffpVnNMLOm-2BfTHc2MJ-2BE2xslWsNy=
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