4 ms·
"companies are looking to relocate to higher quality space in more desirable parts of the city, because prices have come down and employers need to be near rest
by fundad 2y ago
"companies are looking to relocate to higher quality space in more desirable parts of the city, because prices have come down and employers need to be near restaurants and shops to get staffers to come back"
This is a correction that makes sense: occupancy is shifting to benefit the small businesses that provide amenities like restaurants and shops.
SF's attempt to make office park-like experiences in transit deserts made a lot of money for real estate developers but these properties need to be massively written down.
- Animats 2y agoWhat are the "more desirable parts of the city" with "restaurants and shops?" Union Square? No. SOMA? Not any more. Mission Bay? Boring, plus ballpark traffic. Dogpatch? The cheap warehouses are taken. Financial district? Old skyscrapers. Mid-market, near Twitter and City Hall? You've got to be kidding.
- apsurd 2y agoSounds like you just don't like SF. That's ok but it doesn't actually explain anything. Same as NYC, there's a concentration of multi-millionaires that choose to live there. I highlight them specifically because they can live lavishly anywhere they want. That's not a... mistake?
- Animats 2y agoThere are nice residential areas, such as Pacific Heights and parts of the Sunset.. But where are the nice, homeless-free office areas?
- skybrian 2y ago"Transit deserts" is not what's going on here. Bart, Muni, the Salesforce Transit Center? There's lots of transit. Maybe people don't like the transit, though?