Office Vacancy Rates in San Francisco at Historic Highs, Potentially 40 Percent: Experts

Office Vacancy Rates in San Francisco at Historic Highs, Potentially 40 Percent: Experts
Cars drive by the San Francisco skyline as they cross the San Francisco-Oakland Bay Bridge in San Francisco, Calif., on Oct. 27, 2022. Justin Sullivan/Getty Images
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Office vacancy rates in San Francisco continue to climb, with new records being set monthly as businesses continue to flee and office workers resist a return to the city, experts say.

Vacancy rates reportedly surpassed 31 percent in May, the highest recorded in the city, which is historically known as an attractive location for businesses and ranks as one of the most expensive commercial real estate markets in the world.

Travis Gillmore
Travis Gillmore
Author
Travis Gillmore is a White House reporter for The Epoch Times. He previously covered the California legislature and Gov. Gavin Newsom. Contact him at [email protected]
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