Wedbush Securities is moving from a downtown L.A. tower to Pasadena, where it will occupy smaller offices suitable for employees with hybrid schedules.
One of downtown Los Angeles' familar tenants is pulling up stakes as the office rental market continues to contract from shrinking occupancy stoked by the pandemic. Financial services firm Wedbush Securities has begun its move from a prominent office tower to Pasadena, where it will occupy much smaller offices meant to accommodate employees who now work remotely much of the time.
Wedbush Securities' shift to hybrid work, with people in the office some days and not others, created the chance to make a different kind of office with a smaller footprint and more shared spaces to collaborate or work away from a traditional desk, Wedbush said.
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