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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]
As of May 2023, during what the San Francisco Chronicle described as "Downtown San Francisco['s] worst office vacancy crisis on record," the building had a vacancy rate of 21.1%. [ 20 ] On September 6, 2024, a pane of glass fell from the roof level of the building and damaged ground floor windows of the neighboring Millennium Tower .
Salesforce West, also known by its address 50 Fremont Center, is a 43-story, 183 m (600 ft) high-rise office building completed in 1985 at Fremont and Mission Streets on the boundary of the financial district and SoMa of San Francisco, California. The stepped-back facade design of the building resembles Eliel Saarinen's Tribune Tower design. [5]
In the prior quarter, as Fortune previously reported, the office vacancy rate had already reached 19.8%, which was 50 basis points above recessionary peaks recorded in 1986 and 1991, according to ...
It only took a couple of years for the office real estate market to hit a decades-low vacancy rate, but it could take much longer for it to rebound. ... The office vacancy rate is nearly 20% ...
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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%.
One Market Plaza is a complex of three office buildings at 1 Market Street along the San Francisco Embarcadero.The historic 11-story Southern Pacific Building, also known as "The Landmark", was completed in 1916, and incorporated into the development in 1976 that includes the 43-storey 172 metres (564 feet) Spear Tower, and the 27-storey, 111 metres (364 feet) Steuart Tower.