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Not to mention, the new record-high vacancy rate is 50 basis points “above the recessionary peaks recorded in 1986 and 1991,” an analysis published earlier this week found.
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 ...
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 ...
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]
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%.
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.
As of May 2023, during what the San Francisco Chronicle described as "Downtown San Francisco['s] worst office vacancy crisis on record," Foundry Square IV (500 Howard Street) had a vacancy rate of 95.4% and Foundry Square III (505 Howard Street) had a vacancy rate of 97.6%, compared to 1.6% for Foundry Square II (405 Howard Street) and 36.9 % ...
The national office vacancy rate rose to a record-breaking 19.6% in the fourth quarter of 2023, Moody’s Analytics said. ... In the face of the dwindling demand for office space, new construction ...