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The Office Market in San Francisco Is Even Worse Than New York’s

  • Rent expected to fall with tech employees working from home
  • Companies looking to trim costs are reevaluating their space
    
Photographer: David Paul Morris/Bloomberg

San Francisco is expected to have the worst-performing office market in the U.S. this year.

Rent and occupancy will likely drop 22% in San Francisco in 2021, the largest decline in the U.S., as technology companies embrace remote work, according to a report by Green Street.