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Just found out how much vacancy rates can swing between cities
I was looking at some market reports from CBRE and saw the office vacancy rate in downtown San Francisco is over 30%. That's a huge jump from what I remember a few years back. It really shows how different one market can be from another, even in the same state. Has anyone else seen a stat lately that made you do a double take?
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leo6036d ago
That 35% number really makes you feel for the people trying to lease space there.
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anna_coleman2mo ago
Actually, that 30% figure is for the whole San Francisco office market, not just downtown. Downtown is even worse, sitting closer to 35% from what I just read. It's a wild spread within the city itself. The real shock for me was seeing a city like Nashville with a vacancy rate under 10%. It really shows how the work-from-home shift hit some places much harder than others.
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