Anecdotal of course but I left and don’t plan to return. I also don’t know anyone who still lives there that doesn’t want to leave. That was mostly true pre-pandemic however.
I just moved to a 3x bigger apartment for a 50% rent increase. Not everyone is wanting to move out, many people here seem to be trading places to improve their quality of life, leveraging the lower rents and higher availability. The city is starting to remind me the SF of mid-2000s, minus the rave parties.