Downtown San Francisco: Vacancies Could Accommodate up to 133,000 Employees

Wendell Cox — Fri, 23 Jul 2021 19:24:51 -0400

The San Francisco Chronicle reports that the office vacancy rate has reached 20% in downtown San Francisco. Socket Site reports that this is the equivalent of 12.7 Salesforce Towers. Salesforce Tower is the tallest building in San Francisco and is the centerpiece of the new Transbay Terminal, which has been named the Salesforce Transit Terminal. Socket Site estimates that this is enough space to house between 98,000 and 133,000 employees. This is between one-third and one-fourth the pre-pandemic employment level of downtown San Francisco, the fourth largest central business district in the nation.