3 ms·
Its just another way of saying landlords need to incentivize renters. So the market has definitely changed. I feel this is a stopgap measure and that rents must
by yalogin 6y ago
Its just another way of saying landlords need to incentivize renters. So the market has definitely changed. I feel this is a stopgap measure and that rents must come down eventually. At that point the incentives will stay too.
- jedberg 6y agoDuring the last downturn in 2008, only the highest rents in SF dropped. The rest of the Bay Area just stayed flat for a few years. This downturn may be different because of the shift to work-from-anywhere in tech, but it will be interesting to see. A lot of people like their tech offices, with their free lunches and snacks and gyms and coffee and so on.
- mv4 6y agoPeople liking their tech offices won't be the deciding factor here. The tech companies like the prospects of hiring people on completely different terms now, outside of the Bay Area. Expect things to change dramatically.