The amount of vacant office space in San Francisco has ticked up to a pandemic high of 18.7 million square feet versus under 5 million square feet prior to the pandemic.
For context, the 1,070-foot-tall Salesforce/Transbay tower at First and Mission, which is the tallest building in San Francisco, contains 1.35 million square feet of office space spread across 59 floors. And employing the framework we introduced back in 2020, there is now 13.8 Salesforce Towers or 815 Salesforce Tower floors worth of empty office space spread across San Francisco, which is roughly enough space to accommodate between 107,000 employees, based on an average, pre-Covid density or 143,000 (a la twitter) worker bees.