17.1 Salesforce Towers worth of empty office space spread across SF
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Re: 17.1 Salesforce Towers worth of empty office space spread across SF
#2I wonder how this compares to other cities globally
Re: 17.1 Salesforce Towers worth of empty office space spread across SF
#3If the owners would substantially cut the rent the empty office space would rapidly fill up.
Re: 17.1 Salesforce Towers worth of empty office space spread across SF
#4If the owners would substantially cut the rent the empty office space would rapidly fill up.
With who?
Re: 17.1 Salesforce Towers worth of empty office space spread across SF
#5Given that Salesforce towers can be a measure of unutilized space, could the amount of total internal non-productive bullshit in a company be measured in Salesforces?
Re: 17.1 Salesforce Towers worth of empty office space spread across SF
#6If the owners would substantially cut the rent the empty office space would rapidly fill up.
That might work if there was cheap residential real-estate for the workers to fill up.
Re: 17.1 Salesforce Towers worth of empty office space spread across SF
#7For comparison, it looks like it was hovering around 6 million square feet before the pandemic, or ~4.5 Salesforce Towers. I wonder how much of the still occupied space is functionally empty now, or only used a few times a week.
Re: 17.1 Salesforce Towers worth of empty office space spread across SF
#8I wonder how this compares to other cities globally
I don't know about outside of America but according to comparable reports from the firm Cushman & Wakefield, Austin boasts 15.7 million square feet vacant, a rate of 25%. The same firm has SF marked at 27% vacant.
I have never been sure if HN is invested in commenting on SF real estate because they disproportionately live here, or because they live elsewhere and get a warped news feed that has an interest in portraying SF in a negative light.
Re: 17.1 Salesforce Towers worth of empty office space spread across SF
#9If the owners would substantially cut the rent the empty office space would rapidly fill up.
Cutting rent means that the property is worth less. That means investors are demanding to know why the property is worth less, and the city collects less property taxes which might lead to politicians asking questions.
While all that may be necessary, it won't happen until it's the only thing that can happen.
Re: 17.1 Salesforce Towers worth of empty office space spread across SF
#10I wonder how this compares to other cities globally
I don't know about outside of America but according to comparable reports from the firm Cushman & Wakefield, Austin boasts 15.7 million square feet vacant, a rate of 25%. The same firm has SF marked at 27% vacant. I have never been sure if HN is invested in commenting on SF real estate because they disproportionately live here, or because they live elsewhere and get a warped news feed that has an interest in portrayi…
> I have never been sure if HN is invested in commenting on SF real estate because they disproportionately live here, or because they live elsewhere and get a warped news feed that has an interest in portraying SF in a negative light.
Why not both?