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Value for one of LA's tallest office towers plummets as vacancies climb

One California Plaza joins growing list of buildings hit by pandemic and other headwinds
The 42-story One California Plaza's increased vacancy and reduced cash flow pushed assessors to slash its valuation, according to a Morningstar report.
The 42-story One California Plaza's increased vacancy and reduced cash flow pushed assessors to slash its valuation, according to a Morningstar report.
CoStar News
April 10, 2025 | 11:39 P.M.

The value of one of downtown Los Angeles’ tallest towers has plunged 74% from its peak, a sharp sign of distress in one of the nation’s hardest-hit office markets.

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