San Francisco AI boom – California Globe

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 Fed President Urges Companies to Get Employees Back In Offices

July 9, 2024 2:30 amJuly 9, 2024 2:31 am

According to a new report by real estate firm CBRE, San Francisco’s office-vacancy rate rose to a new record high of 37% in the second quarter of 2024. This sparked San Francisco Fed President Mary Daly to say that companies...

University of California Announces No New Campus in San Francisco

June 24, 2024 5:16 pmJune 24, 2024 5:16 pm

The University of California (UC) declined to build a new campus in Downtown San Francisco after nearly a year looking into it, ending one of San Francisco Mayor London Breed’s best chances in revitalizing the downtown area. Since the beginning...

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...

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...

Mayor Breed Introduces Plan To Bring 30,000 Residents, Students To Downtown By 2030

March 8, 2024 12:28 pmMarch 8, 2024 12:28 pm

In her State of the City Address on Thursday, San Francisco Mayor London Breed unveiled a new measure to bring 30,000 more residents and students to downtown San Francisco by 2030. Since the beginning of the decade, San Francisco’s downtown...

San Francisco Office Vacancy Rates Reach Record High of 35.9%

December 19, 2023 2:30 amDecember 19, 2023 2:31 am

According to a new report by real estate CBRE, the office vacancy rate of San Francisco hit a new high of 35.9% for the fourth quarter of 2023, shooting up nearly a full percentage point from the previous high of...