Real Estate
Office Space Vacancies Soar In Post-Pandemic San Francisco; 'It's Not A Good Look'
Currently, there is a record amount of empty office space in San Francisco at nearly 30%, according to figures from CBRE.
June 1, 2023
SAN FRANCISCO -- Take a walk through downtown San Francisco, and it's tough to miss the numerous "for lease" signs and vacant spaces.
Find out what's happening in San Franciscowith free, real-time updates from Patch.
Currently, there is a record amount of empty office space in San Francisco at nearly 30%, according to figures from CBRE.
"Pre-pandemic, our vacancy rate was around 4%. Now we're right around 30%," said Colin Yasukochi, the executive director of CBRE's Tech Insight Center. "The biggest reason for that is going to be hybrid work, and most recently, layoffs. Right now, we have about 25 million square feet of vacant office space in the city."
Find out what's happening in San Franciscowith free, real-time updates from Patch.
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