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Analysis

San Francisco Office Vacancy Nearly 36% in Fourth Quarter

Q4 sets new record with 2% jump, but sector should pivot in 2024.

We hate to stick a lump of coal in somebody’s stocking on the cusp of a holiday, so we’ll preface this bad news with a promise that things are going to get better in the new year.

The vacancy rate in San Francisco’s battered office market set a new record in the fourth quarter, ticking up to 35.9%, a 2% jump from the previous quarter, according to preliminary data from CBRE, the San Francisco Business Times reported.

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Jack Rogers

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