Silverstein Secures High-Profile Leases at DTLA’s US Bank Tower

Why It Matters

The deals lock in high‑quality tenants for the next decade, boosting the tower’s occupancy and signaling confidence in Los Angeles’ premium office market amid broader commercial‑real‑estate uncertainty.

Key Takeaways

• King & Spalding expands to 42,663 sq ft, lease runs to 2033
• Zurich North America secures 10‑year, 10,483 sq ft lease
• Silverstein adds 53,146 sq ft of new leases at US Bank Tower
• Leases reflect strong demand for premium downtown LA office space
• Long‑term contracts improve tower’s revenue stability

Pulse Analysis

Downtown Los Angeles continues to attract top-tier tenants despite a national slowdown in office leasing, and the US Bank Tower remains a flagship address. Silverstein Properties’ recent string of agreements—King & Spalding’s expansion, Zurich North America’s relocation, and Wilson Elser’s full‑floor move—illustrates how premium high‑rise assets can still command long‑term commitments. Investors watch these deals as a barometer for the health of the LA market, where limited supply of Class A space and a growing tech‑law nexus drive competition.

The leases collectively add more than 53,000 square feet, pushing the tower’s occupancy closer to full capacity. King & Spalding’s 18,971‑square‑foot expansion, coupled with a lease extension through 2033, provides a stable cash flow for the next decade. Zurich’s 10‑year, 10,483‑square‑foot commitment, slated for 2026, signals confidence from the insurance sector in the building’s infrastructure and location. Such multi‑year contracts reduce vacancy risk and enhance the property’s valuation under cap‑rate models.

For commercial‑real‑estate stakeholders, these transactions underscore a strategic shift toward securing anchor tenants in premium locations. The long‑term nature of the agreements may encourage other landlords to offer flexible lease terms and tenant‑improvement allowances to attract similar high‑profile occupants. As Los Angeles pursues broader economic development initiatives, the US Bank Tower’s leasing momentum could serve as a catalyst for further investment in downtown office projects, reinforcing the city’s position as a West Coast business hub.