Visualizing All the Vacant Office Space in San Francisco

As we outlined final week, the quantity of vacant workplace area in San Francisco has ticked as much as a pandemic excessive of 18.7 million sq. ft versus beneath 5 million sq. ft previous to the pandemic.

For context, the 1,070-foot-tall Salesforce/Transbay tower at First and Mission, which is the tallest constructing in San Francisco, comprises 1.35 million sq. ft of workplace area unfold throughout 59 flooring.  And using the framework we launched again in 2020, there may be now 13.8 Salesforce Towers or 815 Salesforce Tower flooring price of empty workplace area unfold throughout San Francisco, which is roughly sufficient area to accommodate between 107,000 staff, based mostly on a median, pre-Covid density or 143,000 (a la twitter) employee bees.

And whereas tempting to see or promote a chance to transform all of the vacant workplace area into housing in a response to San Francisco’s housing woes, the conversion of current workplace area to residential use at the moment makes no financial sense for the overwhelming majority of downtown San Francisco buildings, because of the relative worth of every use and the price of conversion.