tech industry remote work – California Globe

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...

San Francisco Office Vacancies Reach 35%, Breaking New Record

December 1, 2023 4:43 pmDecember 1, 2023 4:43 pm

According to a new study released on Friday, San Francisco’s office vacancy rate hit a new high of 35% in December, climbing up from 29.4% earlier this year as the economic situation in San Francisco continues to get worse. Before the...

WeWork Announces Closures Of 14 Office Sites In California

November 8, 2023 11:58 amNovember 8, 2023 11:58 am

Following their bankruptcy announcement earlier this week, co-working space company WeWork announced a mass closure of almost 70 prominent offices across the United States on Tuesday, with California to have 14 locations to close soon mostly in the Bay Area...

OpenAI Announces Nearly 500,000 Square Foot Office Lease In San Francisco

October 31, 2023 5:45 pmOctober 31, 2023 5:45 pm

The largest office leasing in San Francisco since 2018 was finalized on Tuesday as OpenAI, one of the largest artificial intelligence companies in the world, moved into two buildings at San Francisco’s Mission Bay Headquarters comprising of nearly 500,000 square...