San Francisco Office Vacancy Rate Hits Record High at 36.6%, 9x Pre-Pandemic Level

Office vacancy hit 36.6% in the first quarter of this year, per preliminary data, but demand from prospective office tenants is also rising. https://t.co/cpzYUcp0f6

SF’s office vacancy rate hit a new record of 36.6%, 9x the pre-pandemic rate per @CBRE: https://t.co/Eq0z3jyp6A Return to office remains stagnant at around 45% of 2019 levels for the past year+ per @KastleSystems

Bilal Mahmood 馬百樂@bilalmahmood

2 years ago

Office vacancy in SF is now at 9x its pre-pandemic level. ~40% of offices remain vacant. We need a radical transformation of downtown to invigorate the city. Convert office space to housing and an academic village. Let's end the bureaucracy in city hall blocking progress. https://t.co/Jem2KzHdqu