San Francisco now at 35% office vacancy rate, highest ever recorded: data

Re:San Francisco now at 35% office vacancy rate, highest eve... by gumby on Tuesday December 05, 2023 @05:29AM (#38529131)

Cities wax and wane. SF boomed from the gold rush, 1880s-1906, 1920s, 1940s, 60s, and as you noted, dot com period. In between it’s varied from stasis (1870s, 50s) to quite grim (30s, 80s — the latter much worse than today).

The swings in Silicon Valley and other parts of the Bay Area have been much less extreme in these regards. Most of the wealth is in the Valley, just more diffuse and harder to see.

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Re:San Francisco now at 35% office vacancy rate, highest eve... by slowhadoken on Tuesday December 05, 2023 @03:13PM (#38536339)

Yeah, it still sucks though. The US is going through a slump and it really shows in some of our major cities.

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Re:San Francisco now at 35% office vacancy rate, highest eve... by gumby on Tuesday December 05, 2023 @03:39PM (#38536594)

> The US is going through a slump

The US economy is growing gangbusters but 40+ years of "Reagan revolution" have really taken their toll. That ideology has infused many with the belief that if something is broken it should not be fixed; rather that its problems mean that further intervention will simply make things worse.

Even SF, that supposed "liberal" city (whatever that means), suffers from this sickness.

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Re:San Francisco now at 35% office vacancy rate, highest eve... by slowhadoken on Tuesday December 05, 2023 @07:12PM (#38538783)

Yeah I guess that's what I mean. The US economy is doing well but not good. I feel like people have less these days. Business is great but the middle class is evaporating. For the average worker it seems pointless to engage with our great economy. Incentives are all out of whack.

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