Large Firms
May 5, 2009
As Law Firms Retrench, San Francisco Office Space Goes Begging
The commercial real estate market in San Francisco is reeling from the effects of the recession. The legal sector, a San Francisco industry stalwart, has contributed greatly to the flagging demand for office space.
Daily Journal Staff Writer SAN FRANCISCO - Is San Francisco becoming California's next ghost town, like the gold rush towns before it? Empty store fronts line Market Street in the financial district. High above the street view, office space, too, is emptier than ever. Law firms have contributed greatly to the flagging demand for real estate in the city. The recession has taken its toll on law firm finances, forcing firms to lay o...
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