Downtown Los Angeles is bustling with new residents. Not so much with office workers, though.

2024-05-05 21:20:25+00:00 - Scroll down for original article

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Los Angeles' downtown has become a hot spot for residential growth in the city. The neighborhood's office market, however, continues to languish. Downtown LA is expected to be a major draw for residential living over the next few decades. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time. Advertisement For generations, downtown Los Angeles was the region's nexus of commerce, as vast office spaces and old-line department stores made the neighborhood a business powerhouse. But urban decay and suburbanization, which accelerated after World War II, made downtown into more of a 9-to-5 office hub. For decades, the city core was a destination for work but not much else. This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in .