I mean it's an unprotected corporate asset in a city where the median employee only makes 1/3rd the revenue they bring in, it's not difficult to think of an excuse.
It's notable that it's in Chinatown. I lived there a decade ago and currently work close by. There are few drug addicted homeless people who reside there. The news makes it sound pervasive for political reasons, but it's actually highly localized. I would bet on job displacement, personally.
While I understand your sentiment It will be interesting to compare income versus average revenue per employee of tech businesses to other kinds of businesses as well. I have a feeling that employee expenses of 30% are quite normal across all industries.
I wonder if its a result of discontent with the social contract or just drunk or drugged folks.