San Francisco Commercial Property Values May Fall 40% by 2025

July 19, 2023

San Francisco is one of the hardest-hit cities when it comes to plummeting office values according to a July report from McKinsey Global Institute and a study released this month by economic research firm Capital Economics. The report from McKinsey and Company estimates a 20-42% drop in demand for office and retail spaces between 2019 and 2030, and a 79% decline in transaction volume, 24% drop in sale prices and 28% drop in asking rents. According to CBRE, the office-vacancy rate in San Francisco is a record-breaking 31.6% and is expected to continue to rise. McKinsey suggests creating more mixed

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Carla Hunter

Carla Hunter

+1-925-200-2142

Berkshire Hathaway

San Francisco, California

Carla Hunter is a real estate agent with Berkshire Hathaway. Check out Carla Hunter's listings or office listings.

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