A San Francisco office building was worth $300 million before the pandemic. Now, it could sell for only $60 million - a perfect example of why downtowns are in trouble
A 22-story office tower in San Francisco that was worth $300 million in 2019 is for sale.It's expected to sell for around $60 million, real-estate brokers told The Wall Street Journal.It's the latest example of the commercial real-estate crisis as cities deal with the impact of remote work.A 22-story office tower in San Francisco is expected to sell for around $60 million - 80% less than it was valued at in 2019, The Wall Street Journal reported.