3 ms·
It's only going to get worse. Most companies are in the middle of 5- or 10-year leases, and aren't going to renew. With this in mind, it still shocks me how th
by gkoberger 4y ago
It's only going to get worse. Most companies are in the middle of 5- or 10-year leases, and aren't going to renew.
With this in mind, it still shocks me how the building managers in SF I work with have just gotten worse. They're bitter and mean and have made things so much harder for us (rather than being kinder and doing everything they can to retain us).
My point is that it's not nearly as bad as it's going to be, and there's nothing that makes me think it'll get better.
I really hope they turn a lot of these buildings into housing; we could kill two birds with one stone.
- pkulak 4y agoAll the "loft" apartments that everyone used to love were converted industrial, if I remember right. I'm hoping this all leads to some new kind of housing term that isn't normal residential (it's nearly impossible to turn office space into "normal" residential), but is also perfectly fine to call home. If artists and creatives scooped up the brand-new, below market housing in inner cities again, that would be perfect.
- nimbius 4y agocurious to know if this will snowball into a market trigger effect in 2023...something like "well if you cant make it here you cant make it anywhere." . for what its worth one of this epochs Rockefellers, Mike Bloomberg, gave it his best shot this year turning almost every article in his newspaper into a full-throated commandment to return to office spaces immediately, embrace your daily commute, and eschew the perils of pouring coffee from your kitchen only to watch the effort fall upon deaf ears. WeWork and slumlords turned most startups against renting office space entirely, while gas prices and covid basically outed the VPN as the executive bathroom nobody at the company got to use but the C levels until now.