Commercial landlords are still reeling from the impact of the COVID-19 pandemic. It is fair to say the pandemic fundamentally transformed Los Angeles' commercial real estate landscape, creating an ongoing crisis that continues to challenge businesses, landlords, and policymakers alike. Los Angeles' commercial lease crisis arose through multiple interconnected challenges. Many businesses accumulated substantial rent debt during pandemic-related closures, while others negotiated temporary rent reductions that are now expiring. The shift toward remote work significantly…
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