Re:Nearly 12M Square Feet of Vacant Office Space in S.F
by brian-armstrong on Sunday October 25, 2020 @07:07PM
(#24890934)
Housing prices are actually already trending back upward in the bay area. I don't think there will really be that much of an exodus. Your company might let you retain most of your salary post-relocation but once you change jobs you'll have far fewer prospects. Also the internet doesn't help with timezone differences.
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Re:Nearly 12M Square Feet of Vacant Office Space in S.F
by api on Sunday October 25, 2020 @07:44PM
(#24891246)
House prices are being buoyed by insanely low rates, but if offices are downsizing CRE is toast.
As for tech hubs, they are now only economically rational if you are high up at a large FAANG or similar company that is able and willing to pay huge salaries.
Startups, bootstrappers, and labors of love are not going to happen there unless they are lavishly funded or only comprised of straight out of college folks willing to live on couches.
Re:Nearly 12M Square Feet of Vacant Office Space in S.F
by paul_f on Sunday October 25, 2020 @08:50PM
(#24891688)
The exodus is real. The Pinterest lease cancellation was the bellwether.
Re:Nearly 12M Square Feet of Vacant Office Space in S.F
by howlgarnish on Sunday October 25, 2020 @10:34PM
(#24892343)
There's a lot of variation in that trend. Prices are up for the kinds of places you'd like to WFH indefinitely from (large detached houses in nice neighborhoods), and down for the kinds of places you wouldn't (shoebox studios downtown).