From Los Angeles Business Journal · Christina Chkarboul · · 50s
PNC Eyes New DTLA Outpost
PNC Bank opens downtown L.A. office to revive downtown business core.
In brief
PNC Bank opens downtown L.A. office to revive downtown business core. PNC Bank plans to open its fourth Los Angeles-area office in December to help revitalize downtown business after pandemic-driven vacancies. Originally reported by Los Angeles Business Journal.
Pnc Bank Leases Downtown Office
PNC Bank plans to open its fourth Los Angeles-area office in December at 515 S. Flower St.
Downtown Office Market Revival
Downtown office vacancy rates have tapered down to 33.3% for all downtown and 30.5% for the core business district.
Pnc's Downtown Strategy
PNC's regional president Daniel Timmons says the bank aims to bring activity back to downtown after pandemic-driven vacancies.
Downtown Revival Momentum
Banc of California and KPMG have also committed to downtown offices, signaling a 'flight to quality' recovery trend.
The key point
PNC Bank plans to open its fourth Los Angeles-area office in December to help revitalize downtown business after pandemic-driven vacancies.
