Tech industry – California Globe

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...

Legal Challenges Brewing with SB 54 Signed into Law this Week

October 12, 2023 10:06 amOctober 12, 2023 10:06 am

A bill that would force venture capitalist (VC) companies in California to disclose the gender and race of the founding members of companies that was signed into law earlier this week may see legal trouble on the horizon as many...

San Francisco’s 165-Year Old GUMP’S CEO Scorns Politicians for Crime, Homeless Drug Addicts

August 14, 2023 8:20 amAugust 14, 2023 8:23 am

Gump’s is a luxury American home furnishings and home décor retailer, founded in 1861 in San Francisco, California. Except today, Gump’s is under siege. Homeless drug addicts, thievery, ramifications of COVID policies, harassment of the public and the defiled city...

San Francisco Office Vacancies Hit New Record – Nearly One-Third are Empty

June 27, 2023 1:11 pmJune 27, 2023 1:11 pm

According to a new study released Tuesday, San Francisco’s office vacancy rate hit a new high of 31.8% in the second quarter of 2023, climbing up from 29.4% earlier this year as the economic situation in San Francisco continues to...

San Francisco Office Vacancy Rates Rise To Nearly 30% In First Quarter 2023

March 28, 2023 3:04 pmMarch 28, 2023 3:06 pm

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

February 10, 2023 1:04 pmFebruary 10, 2023 1:04 pm

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

December 30, 2022 5:21 pm

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...