In common with many of the largest U.S. office markets, Los Angeles and San Francisco saw in-person attendance crater amid the pandemic. Compared to other markets, though, both continue to lag on the return-to-office front five years later, Placer.ai reports.
However, although both cities continue to lag the national average, San Francisco’s RTO rate is stabilizing while LA’s continues to struggle, according to the new Placer.ai white paper LA vs SF: Divergent Office Recovery Paths. In the white paper, you’ll learn the following:
- Market Divergence: Why is Los Angeles increasingly lagging behind national return-to-office averages while San Francisco’s trends have stabilized?
- Commuter Pattern Shifts:Â Why does Los Angeles face a persistent decline in out-of-market commuters, unlike San Francisco where this trend has slightly recovered?
- Visit vs. Visitor Gap:Â Why did Los Angeles see a year-over-year decline in both office visits and visitor numbers, while other markets used increased visits per worker to offset declining visitor numbers?
- Century City Exception: How did Century City emerge as LA’s strongest office submarket, with visits only 28.1% below pre-pandemic levels?
- Demographic Advantage: Why might Century City’s success be related to its ability to attract affluent, educated young professionals?
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