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As of the first quarter of this year, the office vacancy rate reached 19.8%, up from 19.6% the prior quarter. Not to mention, ... “San Francisco went through a very low low, ...
Notable cities that are part of this trend include New York, Austin, Cleveland, San Francisco, and Boston. How US cities are reimagining the future as office vacancy rates soar to 30-year high ...
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On September 20, 2017, it was reported that Meta Platforms would lease the entire office portion of the building to form a new San Francisco office. [ 9 ] As of May 2023, during what the San Francisco Chronicle described as "Downtown San Francisco['s] worst office vacancy crisis on record," 181 Fremont had a vacancy rate of 100%, with Meta ...
According to Hammett, Sam Spade's office was located on the 5th floor. [ citation needed ] As of May 2023, during what the San Francisco Chronicle described as "Downtown San Francisco['s] worst office vacancy crisis on record," 111 Sutter Street had a vacancy rate of 43.9%.
In the United States, for example, according to the Seattle Times office space was "tight" in Seattle and Bellevue in 2013. [4] However, in 2023, the office vacancy rate in the United States had risen to 12.9%, which was seen as the highest ever since one data collection firm began tracking such statistics in the year 2000. [5]
The national office vacancy rate also hit a record 19.6% in the fourth quarter of last year, according to Moody’s Analytics. This stress will make refinancing office loans a challenge.
The office vacancy rate is nearly 20%, ... more commercial real estate investors are considering and investing in converting their buildings into other uses—particularly office-to-residential ...