Los Angeles Office Vacancy Pushes Landlords Toward Revenue-Share Deals With Flex Operators

The traditional office lease, five or ten years, fixed rent, passive landlord, made sense when vacancy in major metros hovered in the single digits. In Los Angeles today, roughly 40% of office space sits empty, according to Jerome Chang, founder and licensed architect of BLANKSPACES, one of America’s longest-running coworking brands. That vacancy rate means […]