4 ms·
736,000 square feet is pretty sizeable when you consider that SF has a building cap of 875,000 gross square feet of office space per year: http://sf-planning.o
by kqr2 9y ago
736,000 square feet is pretty sizeable when you consider that SF has a building cap of 875,000 gross square feet of office space per year:
http://sf-planning.org/office-development-annual-limitation-program http://sf-planning.org/office-development-annual-limitation-...
- selectodude 9y agoWhich says more about why the real estate market in San Francisco is such a disaster.
- linkregister 9y agoI wish we could get that much residential square footage per year.
- fortyten 9y agoBecause people keep using valuable space for offices instead of affordable housing? This is exactly why SF sucks to live in. You have to live there to be close to work, but you're in competition with your damn office. Talk about screwing over your employees.
- selectodude 9y agoThat isn't how affordable housing works. You can't will it into existence.
- fortyten 9y agoRight, step one is to leave the bay area.
- selectodude 9y agoI’m doing my part. Live nowhere near it.
- mrkurt 9y agoMunicipalities _lose_ money on residential space. And make money on commercial space. Sure the companies are collectively going along with this, but it's a really ridiculous structural problem that the state of California needs to fix.
- awad 9y agoThe municipalities could allow building vertically for more dense housing in both SF and the wider Bay Area but NIMBYism is pretty strong out here so not sure why the commercial developers are being chastised. The reality is that the market has determined that, with the limited resources available given current building codes, it is more profitable to build and lease commercial space. I don't know that I would blame the employers so much as the actual existing residents fighting against more dense housing.
- freehunter 9y agoSideways is not the only way buildings can grow. Even if horizontal space is at a premium, vertical space is virtually unlimited.
- jdmichal 9y agoIt's really interesting to look at the current stats: http://zasfplan.sfplanning.org/ANLM/Office_Allocation_Stats.pdf http://zasfplan.sfplanning.org/ANLM/Office_Allocation_Stats.... Fun to see people playing the game... A lot of small allocation projects right in the high 49k sqft, as you would expect. Also, the large project pipeline is currently at negative seven million sqft. Looks like projects have to get in line early to try to secure space. Some projects are big enough to take more than one year of allocations!