Downtown San Jose, Calif. San Francisco and San Jose have eclipsed the national average with office vacancies above 36% and 35% respectively.
Many people, even entire communities, feel the effect when real estate investors fail. And right now, failure on a large scale appears inevitable.. The amount of unleased space has climbed past its previous high set more than 40 years ago. In the Bay Area, San Francisco and San Jose have eclipsed the national average with office vacancies above 36% and 35%Hybrid work policies have driven the rise in discontinued leases.
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