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Office Vacancy Rate in San Francisco Just Hit a New High

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Re: Office Vacancy Rate in San Francisco Just Hit a New High

#2

Post by randycupertino »

Will be interesting to see changes taking place in urban planning as the new era of working from home begins to effect the urban center and suburban areas moving forward. I've noticed it in the lunch spots in my suburban town- all way more crowded than they used to be and went through a transition period where they had to get used to the new volume.

Feels like a new era of some big changes in relation to city planning. Cities will have to build housing to account for the loss in tax base of commercial real estate.

Re: Office Vacancy Rate in San Francisco Just Hit a New High

#4

Post by nebula8804 »

ammut wrote: post #3

I'm curious to see what will happen with the bagholders of office real estate. Will they try to reinvent themselves as mixed use residential/commercial? Or is it possible we will see a wave of defaults as vacancy rates continue to climb?

Do we know how much of commercial real estate is owned by foreign entities? ie. Chinese elites laundering money out of China into the West? I wonder if they have any protections to save their investments or is their money made from value generated in China just literally disappearing?

Re: Office Vacancy Rate in San Francisco Just Hit a New High

#6

Post by khuey »

ammut wrote: post #3

I'm curious to see what will happen with the bagholders of office real estate. Will they try to reinvent themselves as mixed use residential/commercial? Or is it possible we will see a wave of defaults as vacancy rates continue to climb?

Office to residential conversions are pretty tough. I don't think we'll see a ton of them.

Re: Office Vacancy Rate in San Francisco Just Hit a New High

#8

Post by fny »

randycupertino wrote: post #2

Will be interesting to see changes taking place in urban planning as the new era of working from home begins to effect the urban center and suburban areas moving forward. I've noticed it in the lunch spots in my suburban town- all way more crowded than they used to be and went through a transition period where they had to get used to the new volume. Feels like a new era of some big changes in relation to city plannin…

Last I heard there was a housing shortage. Obvious solution would be to turn commercial properties into residential ones.

Re: Office Vacancy Rate in San Francisco Just Hit a New High

#9

Post by briffle »

ammut wrote: post #3

I'm curious to see what will happen with the bagholders of office real estate. Will they try to reinvent themselves as mixed use residential/commercial? Or is it possible we will see a wave of defaults as vacancy rates continue to climb?

I've noticed how many fluff-filled articles I see lately about 'needing to get back to the office' in many publications that seem to have a large number of advertisers selling office space. I don't have any numbers, but it seems pretty crazy how many of these have been popping up in different 'business journal' types of sites.

Re: Office Vacancy Rate in San Francisco Just Hit a New High

#10

Post by iancmceachern »

fny wrote: post #8
randycupertino wrote: post #2

Will be interesting to see changes taking place in urban planning as the new era of working from home begins to effect the urban center and suburban areas moving forward. I've noticed it in the lunch spots in my suburban town- all way more crowded than they used to be and went through a transition period where they had to get used to the new volume. Feels like a new era of some big changes in relation to city plannin…

Last I heard there was a housing shortage. Obvious solution would be to turn commercial properties into residential ones.

Our building in SOMA did this.
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