Early in the pandemic, San Francisco’s commercial real estate market was in freefall. Most office workers were working from home while some residents were fleeing the city entirely. Misery and addiction filled in downtown’s empty spaces while pundits called San Francisco a failed city.
For some investors, this nightmare was an incredible opportunity.
With property values tumbling, a small group of buyers jumped at the opportunity to scoop up office towers at bargain bin prices. Thanks to the AI boom and San Francisco’s recovery narrative, led by cheerleader-in-chief Daniel Lurie, those investors now stand to make multiples on their investments…