San Jose's downtown has rebounded remarkably, achieving about 90% of pre-pandemic foot traffic, making it the fastest recovering urban center in the Bay Area. In contrast, downtown Oakland reflects 74%, while San Francisco lags at just 59%. San Jose's smaller downtown, with around 10 million square feet of office space, faced less of a decline than the larger cities. All three cities confront substantial office vacancies, with San Francisco at 36%, San Jose at nearly 31%, and Oakland at 23%. Despite budget shortfalls, optimism exists for recovery in each city.
San Jose has managed to bounce back the quickest among Bay Area's major urban centers, with downtown foot traffic restored to 90% compared to pre-pandemic levels.
Despite its smaller size, downtown San Jose has outperformed San Francisco and Oakland in recovery, bouncing back effectively while both of those cities still struggle.
While San Francisco's downtown foot traffic has regained only 59%, both Oakland and San Jose have seen significant improvements, demonstrating varying recovery rates.
Office vacancy rates remain high across the three cities, with San Francisco leading at 36%, but optimism remains concerning future economic stability in all three areas.
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