Some interesting stray observations about this: 1) SF actually has a hard cap on the amount of new office space it can develop in a given year. [0] A lot of pe

Some interesting stray observations about this: 1) SF actually has a hard cap on the amount of new office space it can develop in a given year. [0] A lot of people pre-pandemic called it one of the worst NIMBY laws in America, but in retrospect, what a smart policy move. 2) Depending on how much you believe Apartments.com, there are c. 5k apartments available for rent in SF proper (a city of 800k) vs. c.31k in Dallas proper (a city of 1.3mn). 3) SF currently has 35mn square feet of vacant office space and needs to (by law) build 80k units in the coming decades. That's about 500sqft of vacant space per necessary unit... It will be interesting to see if SF can transform itself into the world's foremost 'people live here because they want to, the jobs are virtual' city. I certainly wouldn't bet on other cities slightly lower office vacancy rates as a long-term structural advantage. The only problem I see with the above is the amount of doom-and-gloom SF residents have bought into. [0]https://sfplanning.org/office-development-annual-limitation-program https://sfplanning.org/office-development-annual-limitation-...