[fuzzieozzie]

In the early 2000's most startups wanted to be on the Peninsula. Young people wanted a life and lived in SF. The natural place for startups shifted to SF.

Now the Peninsula is too expensive for the young, and full of experienced people.

Could the next step be companies forming on the Peninsula by experienced execs with many remote workers?

Regardless - office rental prices have a way to fall in SF.

[twblalock]

It's going to be anywhere except SF at this point. Peninsula, south bay, whatever.

SF is now so bad that people don't feel safe walking to their offices there. In the peninsula and south bay that is almost never the case.

However, this is not fundamentally about SF versus other areas. The real point of this Twitter post is to show how low demand is for office space. It's low everywhere, because it's hard to get funding to start a company when everyone is expecting a recession to start any time now.

[pronlover723]

It was low before the recession but sure the recession should make it even lower.

[twblalock]

Right now a lot of investors and companies are acting like the recession is already upon us.

[rightbyte]

That is the recession, right?

[TeMPOraL]

My thought exactly. It's one of those self-reinforcing/self-fulfilling phenomenons that happen when enough people believe they will.

[UncleEntity]

I have two thoughts on this matter.

Companies who are processing every single datapoint they can get their little paws on 24/7 are consistently saying we’re in for a recession. They aren’t going to be saying stuff like this out of the blue because it’s ‘harmful’ and the politicians want a different message to be heard.

Second, there’s absolutely no way increasing interest rates couldn’t lead to bad economic outcomes. If your company is profitable while paying 2% on debt and it goes up over that then something has to give. Maybe you cut staff, maybe quit giving employees free catered brunch and massages.

There’s too many people out there who only know a virtually 0% interest rate business environment as it’s been that way for quite a while.

[bmitc]

> everyone is expecting a recession to start any time now

I thought we have been in a recession