BLUE CITY BLUES: New York, San Francisco Office Buildings Are Absolute Ghost Towns. “Things are so bad, in fact, that 26 Empire State Buildings could fit into New York City’s empty office space, as occupancy in the city is hovering around 50% of prepandemic levels, according to the chair of Harvard Economics Department, Edward Glaeser and MIT’s Carlo Ratti.”

And in San Francisco: “Meta, meanwhile, has listed all 435,000 sqft of their 181 Fremont St. location for rent, as the city’s 3rd largest tower currently sits 100% vacant.”