Office Vacancies Keep Climbing as Recession Threat Looms

The numbers are in: San Francisco’s office market is way down. Again.

San Francisco’s office market closed the year deep in the red: During 2022, 5 million more square feet of office space became vacant than became occupied, according to data from Kidder Mathews and early numbers from CBRE. The latest numbers reflect a long-term trend of rising office vacancies in the city.

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