PwC leaves Downtown LA for 150K SF in Century City
The accounting giant will move from its longtime Downtown tower to Century City, extending a run of departures from LA's financial core.
PwC is leaving Downtown LA for Century City, signing a 15-year lease for roughly 150,000 square feet at 2121 Avenue of the Stars, the red-granite tower owned by Irvine Company and once known as Fox Plaza.
The commitment sets up a 2028 move from the accounting firm’s longtime home at 601 S. Figueroa Street, where it has been a Downtown fixture since the late 1990s and signed its current lease in 2013. The Century City destination overlooks the Fox Studio Lot on the Los Angeles Westside.
Why it matters
The departure adds one of Downtown Los Angeles’ anchor professional-services tenants to a growing list of firms decamping for the Westside. Century City has drawn trophy-office demand while Downtown’s financial core contends with elevated vacancy, softer rents, and a slow return of daytime foot traffic.
The numbers
The new footprint is larger than PwC’s current Downtown space, a sign the firm is consolidating and betting on growth rather than trimming. The building overlooking the Fox Studio Lot was reported at 94% leased in late March, underscoring how tightly held well-located Los Angeles space has become even as older stock struggles.
What’s next
PwC will remain Downtown until its current lease expires, giving the building’s ownership time to backfill. The move reinforces a bifurcation now defining the LA office market: newer, amenitized towers on the Westside filling up while the Financial District works to reinvent its aging inventory. Irvine Company, among the largest office owners on the Westside, adds a blue-chip anchor to an already near-full building. For Downtown, the departure is the latest test of whether the district can hold its remaining marquee names as leases roll over the next several years.