Still Extremely High Bay Area Office Vacancy Rates
East Bay Times reporter George Avalos cited statistics from Cushman Wakefield that San Jose’s vacancy rate is 28.9%, improving from 30.9% during the first quarter, while Downtown Oakland’s office vacancy is at 37.2% and San Francisco at 34.8%…ouch ouch and ouch! Meanwhile in San Ramon the Canyon Place, a four-building office complex is now slated for demolition to be replaced by 165 homes…