In a first-of-its-kind study, SPUR and ULI San Francisco, in partnership with Gensler and HR&A
Advisors, explored not just the physical suitability of office buildings for redevelopment as housing
(as other research has done) but also tested the financial feasibility of conversion projects under
different economic conditions and policy scenarios. The analysis focused on San Francisco’s central
business district, which includes the North and South Financial District areas. Together they contain
63% of the office space in downtown San Francisco.1
However, the findings can be extrapolated to the
greater downtown area, which includes the SoMa, Yerba Buena, Mission Bay, and Jackson Square/
Northern Waterfront areas. A report presenting our full analysis and expanding on our findings will be
released later in 2023.
Authors
- Published in
- United States of America
