Back to today’s briefing

Story perspectives

Downtown Crisis: 'Big Pink' Tower 80% Cheaper, 50% Vacant

5/26/2025

38 5

Summary

Story summary

The US Bancorp Tower, or "Big Pink," is currently over 50% vacant and priced at $70 million, an 80% drop since 2015.
This decline highlights significant downtown challenges, such as a 35% office vacancy rate and increasing homelessness.
Positive developments include reductions in violent crime and initiatives by city officials to improve safety and accessibility.

1 of 1

Story summary

The US Bancorp Tower, or "Big Pink," is currently over 50% vacant and priced at $70 million, an 80% drop since 2015.
This decline highlights significant downtown challenges, such as a 35% office vacancy rate and increasing homelessness.
Positive developments include reductions in violent crime and initiatives by city officials to improve safety and accessibility.