The Bay Area’s commercial real estate markets have been under considerable pressure in recent years. A series of headwinds, including remote working, a population exodus, high cost inflation and high interest rates, have challenged the economic performance and values of properties and slashed the financial viability of new development.
Construction in San Francisco area hits rock bottom
Developers watch improving markets in hopes of a turnaround
By Nigel Hughes
CoStar Analytics
July 7, 2025 | 9:09 P.M.
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