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These are the good old days. There is also an incredible boom in commercial construction. Large, multi-story office buildings popping up all around the new 49e
by 11thEarlOfMar 11y ago
These are the good old days.
There is also an incredible boom in commercial construction. Large, multi-story office buildings popping up all around the new 49er stadium, a mass of new distribution & warehouse space in South Fremont (serving future Tesla capacity?), new Facebook, LinkedIn & Apple HQs. There seem to be a lot of people betting that this boom will continue, and profits from regional companies are not disappointing investors: "the [2015] SV150 produced a profit margin of 16.4 percent amid record sales and profits,..." [0]
The commercial boom parallels spiking rental and real-estate prices throughout the region. [1]
What goes up, must come down. How sustainable is this cycle? To what extent do the startup incucelerators play into the momentum?
[0] http://www.siliconvalley.com/sv150/ci_27941929/sv150-silicon-valley-led-by-apple-becomes-wall http://www.siliconvalley.com/sv150/ci_27941929/sv150-silicon...
[1] https://www.zumper.com/blog/2015/09/san-francisco-rent-prices-hit-new-record-this-august/ https://www.zumper.com/blog/2015/09/san-francisco-rent-price...