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If a property goes unrented for 182 days, the landlord is taxed at a rate of $250 times the width of the storefront in feet.
The fire occurred at an unoccupied commercial building at 2975 Mission St. overnight, the San Francisco Fire Department wrote on social media. 2 Alarm Fire Update Overnight #yourSFFD was ...
Last month, an office building at 25 Taylor St, which was mostly used by WeWork, lost two-thirds of its value, and was 97% vacant after WeWork moved out, according to commercial real estate data ...
Update. This article is partly a republication of a Client Alert that was issued on December 6, 2022 titled “San Francisco’s Commercial Vacancy Tax.” ...
Any space vacant for more than 182 days would have to pay $250 per foot of the width of the building. So, if the frontage space is 25 feet wide, multiple that by $250. The tax would then be $6,250.
San Francisco's Downtown is an economic hub for the Bay Area. Leaders say empty office spaces hurt the city. Mayor London Breed just introduced new legislation Tuesday to the Board of Supervisors.
A Buffett Protégé Makes an Offbeat Bet: Buy San Francisco Real Estate Ian Jacobs, a descendant of a real-estate clan, is bidding on near-vacant San Francisco office buildings ...
San Francisco is not the only city that has put a vacancy tax in place. Oakland and Washington D.C. both have a tax for vacant residential and commercial properties. Boston officials discussed a ...
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