COMING CRASH: Vacant Office Space in Crime-Ridden San Francisco Hits Record High
The hits just keep coming for the city of San Francisco.
The city now has more vacant office space than it has ever had before in history. Almost 40 percent of office spaces in the city are empty. That represents a massive loss in tax revenue for the city.
It’s very easy to see how the city got to this place. Businesses have fled the city and the state of California, due to high taxes, rising crime, and a homeless problem that is completely out of control.
The San Francisco Chronicle reports:
San Francisco’s amount of vacant office space has reached the highest level ever recorded in the city’s history.
According to preliminary fourth quarter data provided by real estate brokerage CBRE,
