San Francisco Ross Building Sells at 68% Loss, Exposing Deepening Office Market Crisis
Key Takeaways The sale of 799 Market St. at a 68% loss highlights the severe challenges in San Francisco's office market. Office vacancies have soared to 34.7%, reflecting a similar trend to SoMa's previous downturn. Despite retail sectors like Ross Dress for Less showing resilience, the city's business landscape is in turmoil. Unraveling San Francisco's Office Market Crisis San Francisco's office market faces a grim reality as 799 Market St. sells at a harrowing 68% loss, echoing through iconic Union Square. Office vacancies soar to 34.7%, mirroring SoMa's previous decline. Investors wrestle with this seismic shift as housing delinquencies jump 30%. Retail resilience offers a glimmer of hope, with Ross Dress for Less renewing its lease, but the struggle persists. The city's iconic business fabric is unraveling. Quick action is essential to uncover further insights. San Francisco's Office Market Struggles The fall of a once-prized jewel on Market Street ...