The Real Deal: "'Sad day' in LA: CBRE’s corporate exit latest blow to dented office market"

"Besides the taxes, there’s California housing. 'There’s a much higher cost of housing for employees here,' said Eric Sussman, an adjunct professor of accounting at UCLA. 'You can retain talent at lower wages in Dallas.'

California could reach a point, Sussman said, where further corporate taxes could mean a 'net loss of state revenue' due to the exodus."

[TRD: 10/30/2020]