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Staff: downtown office demand strengthened in 2018 while retail softened; transit and jobs‑housing balance remain concerns
Summary
Planning Department presentation of the 2018 Downtown Plan monitoring report showed falling office vacancy (to 7.7%), rising average office rents (~$75/sf), and mixed transit data; commissioners and public raised questions about job‑housing balance and fee adequacy.
Audrey Harris, senior planner with the San Francisco Planning Department, presented the 2018 Downtown Plan monitoring report at the Planning Commission meeting on June 20.
Harris said the downtown office vacancy rate fell from a 2016 high to 7.7% in 2018 while average downtown office rents increased about 6% to just over $75 per square foot. She said more than one million square feet of office space was completed in…
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