San Francisco's recovery from the throes of the COVID-19 pandemic is one of the worst in the country among major metropolitan areas, according to an economic recovery tracker launched Tuesday by the Bay Area Council business group.
Among the 25 largest metro areas in the country by regional gross domestic product, San Francisco's pandemic recovery ranked 24th on the Regional Economic Recovery Index, besting only Baltimore.
San Francisco's recovery ranking includes data from Oakland and Berkeley, while San Jose's includes data from Sunnyvale and Santa Clara. CBRE has regularly tracked office occupancy in San Francisco throughout the pandemic, finding in a report released last month that roughly 27 percent of the city's offices were vacant at the end of 2022.
The stark drop in sales tax receipts and passengers boarding flights—the two metrics tracked for economic activity—has also had a cascading effect as the city and local governmental bodies like transportation agencies all face budget issues.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
San Diego and California COVID-19 Emergency Declarations Expire TuesdayMass vaccination and testing clinics will no longer be operating. Health insurance companies won’t have to fully cover COVID vaccines, testing, and therapeutics after Nov. 11.
Read more »
Northbound Texas Street Shut Down Until Tuesday in San DiegoThe Texas Street northbound lane will be closed until Tuesday and will close intermittently for at least three weeks. Here’s what alternate routes are available
Read more »
San Antonio's Tu Asador now serving breakfast Tuesday through SundayThe Monterrey, Mexico-inspired spot is now serving morning specialties including barbacoa, tacos al vapor and French toast. SanAntonio SATX SaNAntonioTX SanAntonioFood SanAntonioRestaurants
Read more »
7 tried and true tips for finding an apartment in San FranciscoHere's what the real estate pros recommend.
Read more »
San Francisco debates reparations for Blacks: Is $5 million each enough?Conservatives say the proposal to give qualified Black residents $5 million each would be financially ruinous for the city, and even some reparations advocates dismiss the figure as an unrealistic distraction.
Read more »
HBO Max's John Oliver explores San Francisco's AI boom and bustJohn Oliver's 'Last Week Tonight' dives deep into ChatGPT and the onslaught of AI technology.
Read more »