After the COVID pandemic pummeled downtown San Francisco with a one-two punch of low office attendance and many retail business closures, the tech industry appears poised to revive the market's real estate usage.
Downtown's daytime population should soon swell as many workers return to the office in coming months. The extent of that return will depend heavily on tech employees, who will set the tone for employees in other industries.
Even as office workers return in greater numbers, San Francisco still has a long way to go to fill its 20 million sq. ft. of currently vacant office space. CBRE estimates that at least 100,000 new workers are needed to accomplish this and that Tech is the only single industry in San Francisco that can do it.
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