Herd Mentality Could Trigger Healing Of S.F.'s Battered Office Market
Signs of big tech companies announcing the return of employees to offices bodes well for Bay Area office markets, especially San Francisco where the overall vacancy rate increased by 650 basis points over the past year, according to a report from Yardi Matrix. However, the tepid announcements to date lack the teeth that may eventually trigger a domino effect of bringing bodies back to the workplace en masse, undoubtedly accompanied by unique post-pandemic challenges as well as pre-existing issues. “I think right now people are just putting their toes in the water in regards to bringing em...
Source: bisnow.com