Office Vacancy Rate in San Francisco Just Hit a New High

Re:Office Vacancy Rate in San Francisco Just Hit a New High by shmatt on Tuesday October 18, 2022 @11:49AM (#33249238)

Shared spaces need shared employees. Employees legal to work in the U.S, at the wages which are normal in SF (you don't want to keep hiring and have people quit after 1 month because someone is paying them more)

I also find elevators to add a decent amount to the overhead

Not everyone is fit for condo living, but those who do prefer to have a building manager full time on site they can talk to. They also want amenities, a gym or even a pool (which means paying a lifeguard), a rooftop or shared working space. And trust me the condo owners aren't going to go and mop that rooftop or gym, they're going to need even more employees to do that

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Re:Office Vacancy Rate in San Francisco Just Hit a New High by dleslie on Tuesday October 18, 2022 @11:57AM (#33249399)

> And trust me the condo owners aren't going to go and mop that rooftop or gym, they're going to need even more employees to do that

This is probably the meat of the cost.

When I demo'd the floors the labour cost was my own time; rather than the market rate.

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