BLUF: The commercial real estate collapse in San Francisco can be attributed to government mismanagement, harsh lockdown policies, and failure to provide adequate security in the downtown core, rather than the assumption that its tech-heavy workforce was better equipped to work from home. However, these policy errors have exacerbated the city’s distress and social problems, resulting in a dramatic valuation decline of high-value properties and significant negative impact on business and leisure demand.
In San Francisco, Government Failure Erases Billions of Dollars of Commercial Real Estate Valuations
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