UK Rental Demand Remains High, London Office Market Faces Recession, San Francisco Struggles with High Vacancy Rate

The demand for rental rooms in the UK remains near all-time highs, according to a report. However, the London office market is experiencing a "rental recession" as vacancies hit a 30-year high. This is causing concern, especially as Moody's has also reported that the apartment market is softening, the office evolution continues, and the retail sector is on shaky ground. In San Francisco, the office market is also struggling, with a record-high 33.9% vacancy rate in the third quarter.