Category Archives: SF Bay Area News

San Francisco’s office market still struggling despite Google, Wells Fargo leases

The amount of office space listed for lease or sublease has more than quadrupled since before the pandemic, when San Francisco was the country’s most expensive market. Asking rents were down 1.31% from the previous quarter to $75.65 per square … Continue reading

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Compass, Redfin both announce layoffs amid slowing housing market nationwide

“Due to the clear signals of slowing economic growth we’ve taken a number of measures to safeguard our business and reduce costs, including pausing expansion efforts and the difficult decision to reduce the size of our employee team by approximately … Continue reading

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These are the S.F. neighborhoods where home prices haven’t rebounded from pandemic lows

However, even though most downtown San Francisco neighborhoods saw home values grow over the past year and a half, their recovery was slow compared to areas farther from the city center. And nearly all neighborhoods in San Francisco lagged the … Continue reading

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Recession fears are rising. Here’s why San Francisco could be hit harder than other cities

Egan sees the Federal Reserve’s plan to raise interest rates as the likeliest trigger for a recession. “Tech is probably the sector of the economy that’s more sensitive to interest rates,” Egan said. “That places us at greater risk.” Higher … Continue reading

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Why recession could hit San Francisco harder than other cities

Egan sees the Federal Reserve’s plan to raise interest rates as the likeliest trigger for a recession. “Tech is probably the sector of the economy that’s more sensitive to interest rates,” Egan said. “That places us at greater risk.” Higher … Continue reading

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