Downtown office construction boom and bust (1980s–1990s)
Los Angeles and other large American downtowns added large volumes of office space through the 1980s. Demand fell in the early 1990s, and vacancy climbed across the country's central business districts.
Landlords cut rents and competed for a smaller pool of tenants.
Several downtowns spent the next decade converting older office towers to other uses rather than filling them with employers.
The 130 W. College St. project is being entitled into a similarly soft office market, where new space has to compete with existing vacancies.
