36.6% San Francisco Office Vacancy

San Francisco Office Vacancy Rates ‘Marginally Improves’ First Time in Five Years

December 17, 2024 4:16 pmDecember 17, 2024 4:16 pm

According to new preliminary data from real estate services company JLL, San Francisco saw their first drop in office vacancy since 2019 in Q4 2024, marginally improving from 34.5% last quarter to 34.3%. Before the COVID-19 pandemic, San Francisco had a...

San Francisco Office Prices Have Fallen From $90/Sq. Foot To $62/Sq. Foot In Only 4 Years

May 23, 2024 12:19 pmMay 23, 2024 12:19 pm

A new report by real estate agency Cushman & Wakefield released this week found that the average office rent price in San Francisco has plummeted from $90/square foot in 2020 to $62/square foot today, marking a huge collapse not seen...

The Empty Storefronts of Downtown San Francisco

March 30, 2024 2:30 amMarch 30, 2024 7:56 am

Whenever an article on companies leaving San Francisco or more reports on office vacancies in the city come out, there will always be a few e-mails saying that it isn’t actually that bad. That empty storefronts aren’t abundant. A lot...

The Empty Storefronts Of Downtown Oakland

March 28, 2024 3:51 pmMarch 29, 2024 6:13 am

Visiting Downtown Oakland can be a sobering experience. At some points it is full of life, with shopkeepers stepping out for a moment to enjoy the day or customers coming in for the lunch rush. But walk a block away,...

San Francisco Office Vacancy Rates Reach Record High

March 23, 2024 2:35 amMarch 23, 2024 2:36 am

According to a new report by real estate firm CBRE, San Francisco’s office-vacancy rate rose to a new record high of 36.6% in the first quarter of 2024, albeit with some positive news that tech and AI companies could reverse...