
San Francisco Real Estate Markets Continue to Sink, Offering Opportunities for Buyers
Published on April 22, 2024
New reports from firms such as CBRE and Redfin paint a worrisome picture of both San Francisco’s commercial and residential real estate markets. Commercial real estate firm CBRE reported April 9 that the vacancy rate in the city’s office market hit 36.7 percent in the first quarter of 2024, up sharply from the 29.4 percent CBRE reported in the first quarter of 2023. Although industry leaders in the Bay Area say the market could be on the cusp of recovery in 2024, in part due to the advent of artificial intelligence firms signing leases in the city, SFGATE has over the past year reported on several high-profile buildings selling at a fraction of their previous value:...
