Office vacancy in San Francisco shoots past 37%, setting new record

Only yesterday there was an HN piece decrying the listed property relationship to WFH and the push to go back to the office.

I personally think that the HNW who are the c-suites have been asked by their Listed Property Trust managers to try and fix the vacancy rate problem because if this sector tanks, their component of investment in property tanks too.

I don't see this as "conspiracy" -it's pretty simple. If you invested in property in these locations the chances are it was a contra to occupy the investment and maximise it's value to you. Naming rights to a building isn't just a sign on the roof it's usually indicative of a major sublease or tenancy.

If you aren't using the tenancy, other parts of your investment management side would be saying "why are we paying this rent" and then the virtuous circle of "well.. our property people said we'd do better if we DID use it" .. comes up.

37 seems like a high number; turn some of them into apartments instead. Put shops on the bottom floor like they do in Europe.