The Commercial Real Estate Crash Coming To San Francisco

The Commercial Real Estate Crash Coming To San Francisco

Since the early months of the pandemic, many residents have left San Francisco, California, and businesses have moved the bulk of their presence out of the downtown area, drastically impacting San Francisco’s commercial real estate.

While many cities saw people move out during the pandemic, the timing for San Francisco is important, as right now, there is over 25 million square feet of commercial real estate currently vacant.

Even with business returning to normal, the city has seen a lot of empty office space recently, but many office leases that were signed during the peak of its economic growth are going to expire over the coming few years. This is going to severely impact not only how many offices are empty — but what those offices are worth.

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