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San Francisco Real Estate Markets Continue to Sink, Offering Opportunities for Buyers

Several high-profile office buildings have sold at a fraction of their previous value. The residential market has also declined.
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San Francisco Real Estate Markets Continue to Sink, Offering Opportunities for Buyers
Bargain hunters have reportedly been looking at the downtrodden office market. Above, San Francisco on May 11, 2023. Justin Sullivan/Getty Images
Brian Back
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New reports from firms such as CBRE and Redfin paint a worrisome picture of both San Francisco’s commercial and residential real estate markets.

Commercial real estate firm CBRE reported April 9 that the vacancy rate in the city’s office market hit 36.7 percent in the first quarter of 2024, up sharply from the 29.4 percent CBRE reported in the first quarter of 2023.
Brian Back
Brian Back
Author
Brian Back is a longtime small business entrepreneur in California. He previously was founding editor and publisher of San Francisco-based Sustainable Industries, a reporter and columnist for the Portland Business Journal, staff writer for the Atlanta Journal-Constitution, and a contributor to several other local and national media outlets. He earned an M.A. in journalism from Georgia State University and a B.A. in journalism from the University of Dayton.