In downtown San Francisco, office vacancy has skyrocketed as hybrid work has transformed the way in which employers and employees use office space. This, in turn, has decreased activity.
New legislation recently proposed in San Francisco would facilitate the conversion of office buildings to residential and other newly permitted uses. Pending state legislation would.
There has been a flurry of recent legislation to encourage the repurposing of underutilized office buildings, both on the state and local level. New legislation recently proposed in.