Business Reporter

Kevin V. Nguyen

A combination of an office exodus and interest rate spike has eliminated a large swath of would-be buyers from the condo market.

Luxury condos in and around South of Market are yet another casualty of San Francisco’s sluggish downtown recovery. 


Buying a house in San Francisco requires some give and take. 

With condo prices down, there are deals to be had in San Francisco—relatively speaking, that is. 

The company wants to redevelop a portion of the complex into a 400-unit condo tower.