Tech CEO: Downtown SF ‘Never Going Back’ to its Pre-Pandemic State

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Marc Benioff, the CEO of Salesforce, has claimed that downtown San Francisco will not be going back to its pre-pandemic state.

The coronavirus pandemic launched a revolution of stay-at-home work, forcing major metropolitan areas like downtown San Francisco to become havens for vacant office buildings. Per Fox Business:

The Associated Press reported that office vacancy rates in San Francisco were 24.8% in the first quarter, more than five times higher than pre-pandemic levels and well above the average rate of 18.5% for the nation’s top cities, according to CBRE, a commercial real estate services company.

For San Francisco, the three-year exile resulted in empty storefronts with large “going out of business” signs hanging from windows.

Popular shops like Uniqlo, Nordstrom Rack and Anthropologie have left, toiletries like shampoo and toothpaste are locked up at pharmacies, and places like Gucci get hit by armed robbers in broad daylight.

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