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Add to that millions of square feet that are not officially vacant but are not in use either, because people are working from home.
by flexie 5y ago
Add to that millions of square feet that are not officially vacant but are not in use either, because people are working from home.
- JacobDotVI 5y agoit looks like that's included in the 17M based on the linked article: >With all COIVD-era restrictions on office building occupancy rates having been eliminated last month, the effective office vacancy rate in San Francisco has ticked up to 20.1 percent, representing over 17 million square feet of vacant office space, with 7.76 million square feet of space which is technically leased but sitting vacant and actively being offered for sublet, which is down slightly from 7.99 million square feet of sublettable space in the first quarter of the year, and 9.33 million square feet of un-leased space, which is up from 7.97 million square feet in the first quarter, according to Cushman & Wakefield. https://socketsite.com/archives/2021/07/over-17-million-square-feet-of-vacant-office-space-in-san-francisco.html https://socketsite.com/archives/2021/07/over-17-million-squa...
- hn_throwaway_99 5y agoI think there is a difference in what the post you replied to was implying. "Leased but offered for sublet" means the leaseholder is actively trying to offload that space, but there is a ton of additional space that is currently way underutilized because many people are still at home, but the company hasn't reached the point of trying to get rid of their space yet.