So, there's articles now saying office spaces downtown are getting more and more leases.
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So, there's articles now saying office spaces downtown are getting more and more leases. The indication is that they are AI related. And now the new owner of SF has added a bunch of techies to his "transition" team.
My BIGGEST critisim of SF for decades hasn't been homeless or transport or taxes or anything. It has been the unbelievable dependance upon a single market.We were hit harder than any other city BECAUSE of this dependancy, and coming out of it slower than others BECAUSE we don't have diversity.
Rather than seeking out every tech company on the planet and offering the city-government equivalent of a hand-job, we should be reaching out to other industries, so if AI hits a wall and things get fucked up, we aren't in the shit again.
Then again, with my view of how things are going in this country, I'll be surprised if SF isn't in much much much bigger trouble than a simple financial crash.
Big-office tenants return to San Francisco market
Demand for large chunks of office space in San Francisco has reached a post-pandemic high, according to research from commercial brokerage Avison Young. AI is leading the way on the trend that puts demand for 50,000-plus-square-foot spaces at nearly 44 percent of active tenant requirements, according to Louis Thibault, senior market intelligence analyst at Avison […]
The Real Deal (therealdeal.com)