Austin Klar argues San Francisco is reversing its pandemic decline. Office vacancy rates are stabilizing, leasing activity hit its highest level since 2019, and crime and homelessness are both falling as the downtown real estate landscape transforms heading into 2025.
San Francisco's on the brink of a major comeback. There's no question the city was among the hardest hit by and slowest to recover following the pandemic, cratering commercial real estate market, people fleeing the city because of the ability to work remotely, mainstay retailers closing their longstanding shops in the city because of decreased tourism and an uptick in crime and homelessness. But there are signs that all of those trends are reversing course and that the real estate landscape of the city is completely changing heading into 2025 and beyond. I made a YouTube video breaking down all of the latest trends from stabilizing office vacancies to an uptick tick in leasing activity, the highest seen since 2019, decreasing crime and homelessness, and a ton of changes to the real estate landscape downtown. Comment the word video and I'll send you a link, and follow me for more Bay Area real estate.
