Food & Beverage Sponsors Entertain the Crowd

The Future of Downtown (Continued from page 2) of innovation and growth around artificial intelligence. Additionally, the frozen solid investment sales market is starting to thaw. There are currently several office buildings on the market for sale that will likely transact but at historically low values. These low sale values, that were unimaginable a few years ago, will start the “great repricing.” This will cause office values to decline which will force difficult decisions for investors and lenders alike. While this “great repricing” will have negative impacts on the City’s tax revenue and cause pain for lots of investors and lenders in the short term, the mere presence of a sales market is a welcome sign on the road to recovery.

Personally, I am optimistic that San Francisco will eventually bounce back, but we likely face a long and painful road ahead. A recent visit from our CEO, in from New York, ended with a common refrain, “San Francisco is not nearly as bad as I thought it would be. Downtown is clean and there are people on the streets.” We have a lot of hard work and difficult decisions ahead of us, but San Francisco isn’t dead and the buildings of downtown San Francisco aren’t going anywhere. We just need to figure out how to get people to use them again. n

About BOMA VIEWS

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Associate Publisher: Megan Kelly

Editor: Henry Eason

Managing Editor/Ad Director: Ellen Eason, Eason Communications LLC

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BOMA at the Ballpark

For the 21st year in a row, members gathered on April 20 for our annual BOMA at the Ballpark event.