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San Francisco

San Francisco: The 'donut effect' and warnings for metro markets

Capital Economics US city-level analysis and the risks to downtowns from remote working

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A new metro-level analysis from Capital Economics highlights the risks to US cities as remote working practices hollow out downtown areas.

Following on from San Francisco’s debt downgrade and drawing on our extensive body of analysis on the impact of remote working on metro markets, this new analysis will show you:

  • How and where the “donut effect” is taking its greatest toll on downtown areas;

  • The challenges facing cities to drive downtown rejuvenation;

  • How and where falling office values are supporting conversions – and the limits to this trend.

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