For those of us who remember not so long ago when San Francisco was a world-class city, this is getting sadder by the day:

The company explained:

Now more than ever, we believe San Francisco’s path to recovery remains clouded and elongated by major challenges — both old and new. Record high vacancy; concerns over street conditions; lower return to office than peer cities; and a weaker than expected citywide convention calendar through 2027 that will negatively impact business and leisure demand and will likely significantly reduce compression in the city for the foreseeable future.