San Francisco is experiencing a record high in office vacancies, with approximately 40% of office spaces remaining vacant, a figure that is over nine times the pre-pandemic level. This surge in vacancies has sparked discussions around the need for a radical transformation of downtown San Francisco, including converting office spaces to housing and academic villages. Proposals have been made to address the city's bureaucracy, which is seen as a barrier to progress. Additionally, the city's condominium values remain significantly below pre-pandemic levels, with many buildings half-vacant and a slow return of prospective buyers. Despite these challenges, there are signs of change, with real estate agents noting a shift in the market. The concept of office-to-residential conversion is gaining traction as a potential solution for downtown resurgence, despite facing significant challenges. San Francisco's leadership is under scrutiny for their handling of the situation, amidst concerns over commercial buildings hitting the market at massive discounts, an 18% retail vacancy rate in Union Square, and the broader issues of homelessness with 8,000 homeless individuals.
SF has little chance of recovering as long as voters continue indulging their bigotry @ the ballot box. SF’s Board Of Supv’s is 100% democrats. SF has had democrat mayors only for 60 years. All dept heads in SF’s bloated, corrupt, inept city bureaucracy are democrat loyalists. https://t.co/KICg89hsBf https://t.co/14jioMySjT
San Francisco's leadership: where the only thing they're good at is turning a blind eye to problems until they're too big to ignore.
Trending: Office-to-residential conversion is a trendy idea for downtown resurgence — but has big challenges https://t.co/4UC47XzugS
The only thing transparent about local politics in San Francisco is how transparently corrupt it is.
The only thing growing faster than the homeless and fentanyl crisis in San Francisco is the list of excuses from City Hall.
San Francisco's commercial buildings are hitting the market at massive discounts. Here's why. https://t.co/41hvI2P9ji
Few segments of the Bay Area’s housing market were hit as hard during the pandemic as San Francisco condos. But are they about to make a comeback? Here’s what the data shows: https://t.co/2Wu9BO06Ym
S.F. condominium values are still far below pre-pandemic levels, many large buildings remain half-vacant, and the prospective buyers who might fill them have yet to return. But real estate agents say that’s starting to change. https://t.co/57hRk5UmsC
Office-to-residential conversion is a trendy idea for downtown resurgence — but has big challenges https://t.co/4UC47XzugS
San Francisco leadership telling everyone everything's OK despite a 40% office vacancy rate, an 18% retail vacancy rate in Union Square plus 8,000 homeless. Nice try. 😬 https://t.co/7j2SJhqSEn
San Francisco condominium values are still far below pre-pandemic levels, many large buildings remain half-vacant, and the prospective buyers who might fill them have yet to return. But real estate agents say that’s starting to change: https://t.co/IY7PlhkNDL
San Francsico office vacancy rises to yet another record high — over nine times pre-pandemic level. https://t.co/RHC1OjYezG
America’s semi-vacant downtowns desperately need some office-to-SkyZone conversion projects.
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
SF office vacancies hit record high, but there are 'positive signs' ahead https://t.co/HQqYe4RBu5