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Committee holds wide‑ranging hearing on vacant downtown offices, hears health, economic and industry data
Summary
City health, economic and business leaders told supervisors that rising vaccination rates, large sublease inventories (about 8.4 million sq ft) and uncertain employer return‑to‑office plans have driven a spike in downtown vacancy; the committee continued the hearing for follow‑up at the call of the chair.
The Land Use and Transportation Committee convened a hearing April 26 to review the economic impact of vacant office buildings in the Financial District, SoMa and the Embarcadero. Presenters included the acting health officer, the city economist, the small business commissioner, the Chamber of Commerce, building‑owner representatives and city economic and public‑works staff.
Acting Health Officer Dr. Susan Phillips said vaccination progress is the primary enabler for workers to return to offices, noting that, at the time of the hearing, transcript figures reported roughly two‑thirds of eligible adults had received at least one…
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