Tech industry – Page 2 – California Globe

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...

Snap Becomes Latest Company to Leave San Francisco Amid Office Pullout in City

October 22, 2022 2:30 amOctober 25, 2022 6:12 am

Snap, the parent company to popular social media sites such as Snapchat, became the latest tech company to pull out of San Francisco this week due expensive San Francisco leasing prices and more workers in the company working at home....

SF Mayor Pivots To Entice New Companies To Move Downtown

October 20, 2022 2:30 amOctober 20, 2022 6:21 am

San Francisco Mayor continued to lament office workers in the city opting to work remotely rather than return to downtown offices in an interview with Bloomberg earlier this week, pushing her and the city to pivot more towards attracting new...

San Francisco Office Occupancy Still Under 40% Despite Ending Mask Mandate

October 8, 2022 2:30 amOctober 7, 2022 8:03 pm

According to a new report by the security firm Kastle, San Francisco’s total downtown office occupancy sat at 39% in late September, one of the lowest amounts in the nation despite having seven months since the lifting of mask mandates...