San Francisco office vacancy – California Globe

SF Based Dreamforce Announces 1,000 AI-Related Job Cuts

February 7, 2025 4:49 pmFebruary 7, 2025 4:49 pm

Salesforce, one of the largest companies in the Bay Area, continued to vacate San Francisco this week by completely moving out of the Salesforce East tower, with all of their formerly occupied floors going to lease. Founded in San Francisco...

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...

Salesforce Announces Annual Dreamforce Conference Will Stay In SF For Next Three Years

September 20, 2024 12:35 pmSeptember 20, 2024 12:35 pm

Salesforce CEO and Founder Marc Benioff announced on Thursday that Dreamforce, one of San Francisco’s largest yearly conferences and the largest event for the software company, will be staying in the city for the next three years following a near...

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...

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...

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...