With occupancy declining to below 76% on many of the downtown San Francisco buildings the value of this is decliining fast. The Embarcadero Center that once defined the downtown area is now on sale for $90 million, according to the WSJ report, down from $245 million that was paid for it in 2018. Owners of these office buildings in San Francisco are liable for payments on $12 billion in bonds, according to S&P Global. Half of the stores in the Union shopping district have closed and Amtrak ridership is down 61% over 2019.