Tag: San Francisco office vacancy
Salesforce Leaves Entire SF Office Building As Bay Area Office Vacancy Crisis Worsens
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 Rise To Nearly 30% In First Quarter 2023
The office vacancy rate for San Francisco rose to 29.4% during the first quarter of 2023 according to a new study on Tuesday, with the continued pullout of tech firms due to massive downsizing cited as the main reason. Before...
SF Mayor London Breed Outlines Plans For Downtown Recovery In State Of The City Address
San Francisco Mayor London Breed gave her annual State of the City address on Thursday, outlining her plan to save the Downtown area of the city amid record low office occupancy, tens of thousands being let go from Bay Area tech...
San Francisco Vacancy Rates Hit 27% In 2022
Vacancy rates in San Francisco hit an average of 27% in 2022 according to the CBRE real estate firm this week, jumping up from 19% in 2021 and 4% in 2022, becoming the highest vacancy rate the city has seen...