SF commercial real estate: Office vacancy 28% (CBRE). Rents have fallen 15% (JLL)

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by scott_jr

I’ve been saying that real estate is the next domino, and I think we’ll see more defaults / foreclosures in the coming weeks / months.

From article:

Office vacancy now at 27.6 percent, according to CBRE. Rents have fallen 15 percent, according to JLL.

Across the Bay, Oakland’s office vacancy rate has hit 29.3 percent.

Link:

https://therealdeal.com/sanfrancisco/2023/03/24/redco-development-aew-capital-walk-away-from-sfs-first-national-bank-building/