San Francisco's Tech Sector Struggles to Offset Record Office Vacancies
Monday, 8 July 2024, 20:49
San Francisco Real Estate Market Overview
The second quarter brought record office vacancies and a sharp decline in rent prices.
Key Points:
- Office Vacancies: Hit a new record in the tech-centric city.
- Rent Prices: Dropped to levels last seen in 2015.
The AI boom in San Francisco is not enough to counteract these negative trends, posing challenges for the tech industry.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.