San Francisco Charges a 3.5% Tax on Commercial Leases As Well As Subleases

Mayor London Breed is trying to get this tax reduce, and it appears to be a double-dipping with the tenant paying for their lease and again for their sublease. San Francisco, with a current vacancy rate of 30% and over 8 million square feet of office space for sublease, has an impacted downtown in desperate need for office employees to eat and shop, as well as transit systems running at 25% of normal capacity also on the verge of financial distress. Please let me know if I interpreted any of this incorrectly!