<p>As droves of office workers leave San Francisco, the city&#8217;s downtown is struggling to bounce back from the pandemic&#8217;s toll on its formerly bustling atmosphere.</p>
<p>Local news reports <a href="https://abc7news.com/san-francisco-housing-market-coronavirus-california-real-estate-affordable/6341378/">describe</a> walking through San Francisco&#8217;s Financial District and South of Market neighborhood as like visiting a &#8220;ghost town.&#8221;</p>
<p>The South of Market neighborhood is home to the headquarters of a slew of prominent tech companies including Uber, Dropbox, Airbnb, LinkedIn, Pinterest, Yelp, and Salesforce.</p>
<p>As much as 90% of the city&#8217;s workforce is now working from home, ABC7 News <a href="https://abc7news.com/san-francisco-housing-market-coronavirus-california-real-estate-affordable/6341378/">reported</a>. Before the pandemic, San Francisco had the highest building occupancy rate in the U.S., but most of its skyscrapers have now emptied out, the outlet reported.</p>
<p>About 27% of office space in San Francisco is now available, <a href="http://cbre.vo.llnwd.net/grgservices/secure/San%20Francisco%20Office%20Marketview%20Q2%202021.pdf?e=1633884837&amp;h=1e8a94940209c1e6df5353215908db0d">according</a> to a report by CBRE, a commercial real estate firm, compared to <span style="font-weight: 400;">19% of available office space <a href="https://www.nytimes.com/2021/07/01/nyregion/manhattan-vacant-office-space-real-estate.html">in Manhattan</a>. </span>Meanwhile, San Francisco apartment rents, while starting to rise again, dropped more steeply than anywhere else in the country over the pandemic, while the cost of living remains high at <span style="font-weight: 400;">44% more than New York City, The Economist <a href="https://www.economist.com/united-states/2021/08/28/why-san-franciscos-city-government-is-so-dysfunctional">reported</a>.</span></p>
<p>Several tech giants have announced they are moving their headquarters out of California permanently, fleeing the high taxes, expensive real estate, and stringent government regulation of Silicon Valley.</p>
<p>On Thursday, Tesla CEO Elon Musk <a href="https://www.dailywire.com/news/elon-musk-says-tesla-moving-headquarters-from-california-to-texas">announced</a> that the electric car company will move its headquarters out of Silicon Valley in the San Francisco Bay Area to Austin, Texas.</p>
<p>Oracle and Hewlett Packard have also said they are ditching the San Francisco area and re-establishing their headquarters in Texas.</p>
<p>Several CEOs have moved their personal residences to Austin as well, including Musk himself, Splunk CEO Douglas Merritt, and Dropbox CEO Drew Houston.</p>
<p>As workers, especially tech workers, migrate out of San Francisco, the city&#8217;s downtown restaurants and other vendors are left wondering whether business will ever go back to normal.</p>
<p>“COVID has been the hardest one. You know, we went through the dotcom [crash], we went through the crash of Lehman Brothers, but they never shut us down for so long,” Pino Spinoso of Cafe Tiramisu, an Italian restaurant in the Financial District, <a href="https://heresaymedia.com/san-francisco-financial-district-merchants-long-recovery-ahead/">told</a> Here/Say. “And the people kind of lost the trust of the people next to them. You know, we’ve never had that before.”</p>
<p>Meanwhile, bars and restaurants are still subject indefinitely to an indoor mask mandate in San Francisco. While the city&#8217;s current mask mandate will be lifted for other businesses like gyms, churches, and offices, on October 15, the order does not apply to bars and restaurants.</p>
<p>Despite what the changes downtown might appear to suggest, San Francisco did not suffer a virus death toll at the level of hard-hit cities like New York and in fact had <span style="font-weight: 400;">the lowest COVID-19 death rate of any major U.S. city. </span></p>
<p><span style="font-weight: 400;">&#8220;San Francisco’s response to COVID-19 has been hailed as a national model,&#8221; Mayor London Breed <a href="https://sfmayor.org/mayor-london-n-breeds-2021-state-city-address">boasted</a> in January during her State of the City address.</span></p>

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Downtown San Francisco Empty As Office Workers Move Out