SF's Office of Economic and Workforce Development says the city now stands about 45% office occupancy, the highest since the pandemic, but still far below where it would like to be. Interested in opening an SF bar? The city has a webpage for that.
. But amid concerns of vacancies, there is a glimmer of hope with a small-business boom of sorts and large betting that downtown will battle back. says the city now stands about 45% office occupancy, the highest since the pandemic, but still far below where it would like to be. The missing tax revenue could blow a $200 million hole in the city's budget.area, South of Market and Financial District.
"There are people, there's tourists here, and there's companies here as well," said Chen. "Not only doing conventions at Moscone, but there are companies that still have employees in the offices and they are coming out to happy hour."are trending upward, a sign of confidence. It's not just small businesses that are betting on San Francisco. Venture capital companies have also been pouring billions into San Francisco locking down office space; part of that spurred on by speculation that artificial intelligence will fuel the next economic boom.
Stream KTVU on your TV by downloading Fox Local on your Roku, Amazon Fire, AndroidTV or AppleTV device for free.The city says it is working to help transition the downtown into a live and work space; but, there is little doubt that big businesses are an important part of the economic ecosystem.
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