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by wolverine876
1473 days ago
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> Downtown as a healthy fully occupied business district is dead. Cause of death: remote work. You can wait 50 years if you want and see if it comes back, but it never will; there’s no going back. Remote work reduces demand for downtown office space, but where is evidence that it reduces it below supply? Demand was very high - downtown office space was very expensive. Many businesses that would love to open up or move downtown previously couldn't. Now they can. Cheap inputs like office space, in a great city with great transit, etc., with proximity to other businesses and services, is a perfect place for entrepreneurs and startups. This economic change could unexpectedly, at the height of SV costs, create a low-cost community of startups right in SF. It's speculative, but so is the doom and gloom. The first who see the opportunity when everyone else is wailing and gnashing their teeth will be the ones to cash in. Maybe me! |
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