News for hackers. Stuff that matters.

A comment on Downtown SF has 18.4M square feet of empty office space. We mapped every vacancy. Parent comment

Re:Downtown SF has 18.4M square feet of empty office space. ... by tempsy on Tuesday May 09, 2023 @01:49PM (#35877947)
It's booming in the sense that wealthy people are buying up property.

That isn't the same as being a new hub for a lot of business creation and frankly haven't seen a lot of evidence established companies are eager to make it into a new hub or that there's a bunch of growing startups there with real traction.

[ Parent | on HN ]
Re:Downtown SF has 18.4M square feet of empty office space. ... by jntvjnvutnuvt on Tuesday May 09, 2023 @02:00PM (#35878101)
Miami is the fastest growing tech hub in America [1]. Citadel is moving to Miami from Chicago and Guggenheim is about to do the same.

[1] https://www.washingtonpost.com/technology/2023/04/12/silicon...

[ Parent | on HN ]
Re:Downtown SF has 18.4M square feet of empty office space. ... by alephnerd on Tuesday May 09, 2023 @03:12PM (#35879051)
The Chicago to Miami move is primarily an income tax avoidance scheme common in the HFT industry within Illinois, especially after the state instituted a 5% income tax after the IL budget crisis in 2017-18.
[ Parent | on HN ]