3 ms·
Maybe not as productive as they used to be if the rents are down. Nevertheless, 8.5 million is a small cohort relative to 300+ million, and if they're the "mos
by throwdecro 5y ago
Maybe not as productive as they used to be if the rents are down.
Nevertheless, 8.5 million is a small cohort relative to 300+ million, and if they're the "most productive" then they're not representative of the median-productivity experience that matters on a national scale.
For what it's worth, I think this concentration of high-profit business in the Bay Area may be (finally) coming to an end with the ascendance of remote work, which may be a factor in the locally declining rents.