“Counterintuitive or not, California needs a lot more housing, and the fastest, cheapest way to get housing is to let developers build it…”...More
“Moretti thinks that in the long run, there will be a loss of innovation and productivity as a result of the pandemic shift to remote work. “It’s hard to create new ideas if you’re physically isolated. It’s hard to interact with clients and ask them exactly what new things they need. Also, it’s hard to onboard new people into teams,” he says.
For this reason, he thinks most workplaces won’t remain 100 per cent remote after the pandemic is resolved…”...More
“…But the front facade is amiable and warm, with engineered wooden panels framing nine square windows. This is infill pure and simple, and it will hold its own in years to come.
…At 2711 Shattuck, Lowney and developer Patrick Kennedy set out to keep things “clean and simple, as easy to construct as possible,” Lowney said.”...More
As Lorde said: “We live in cities.”
Personally, I don’t think so. I don’t think the economic geography of the US will be profoundly different in the long run, and I think the reason is that I don’t think that we can access those particular advantages that come from agglomeration remotely…
Right now, if you look at San Francisco, for example, 89 percent of office workers are working remotely. So right now people are claiming that going forward, what you define as “superstar cities,” or high-cost cities, are doomed. I’m skeptical of that, I think everything that we know from the economic geography before Covid tells us that these forces of agglomeration are quite powerful.”...More
San Francisco’s median apartment rent rose 3.4% in March from the prior month, the biggest increase since the coronavirus pandemic began, according to a new report....More
The coronavirus pandemic and remote work aren’t slowing Google’s massive real estate expansion in California. The tech giant plans to invest more than $1 billion on office projects in the state this year, a sharp contrast to the dozens of tech companies that are slashing their real estate....More