December 06, 2023 San Francisco Office Conversion 13% of San Francisco Offices Are Viable for Multifamily Conversion2 Table of Contents 1 San Francisco Conditions 2 Lessons from Office Conversions in Other Parts of the Country 3 Which SF Offices May Be Good Candidates for Conversions? 4 Filter Methodology 5 Results Authors Associate Economist Moody’s Analytics CRE Anthony Spinelli Senior Economist Moody’s Analytics CRE Lu Chen Contact Us General Inquiries & Sales cre.moodysanalytics.com 855 702 2018 Client Success CREClientService@moodys.com 212 553 1653 Media Inquiries julianne.wiley@moodys.com 970 445 47683 San Francisco is the epicenter of the urban doom loop discussion. It is a beautiful coastal city with mild weather, rich culture, great talents, leading tech titans and emerging

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