2021
"The Bay Area exodus is greatly exaggerated."
From March 2021
Tech’s Great Migration: Insights to Emerging Tech Hubs Across the U.S.
...More"Returning to an office-centric culture"
Earlier this week, Amazon announced that it plans to return to an “office-centric culture” as its baseline. Its rationale was that being in an office allows the company to better “invent, collaborate, and learn together.”
...More"Remote work is overrated. America’s supercities are coming back."
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"S.F. apartment rents just saw the biggest increase of the pandemic, according to new report"
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"No exodus here: Google to invest $1 billion on California real estate in 2021"
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"“3 IN 2”: Bringing Back The Bay Area"
“…For the San Francisco Bay Area, this “3 in, 2 out” hybrid office model solves three of the Bay Area’s four major growth inhibitors. “
...More"Amid ‘Tech Exodus’, San Francisco Remains a Rite of Passage for Many Startup Founders"
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Despite downsizings by some larger tech firms, interviews and data suggest that San Francisco will likely remain a premier hub for early-stage entrepreneurs
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San Francisco and Silicon Valley recorded 2,500 venture capital deals in 2020, a likely record despite the pandemic, and hundreds of new startups were formed in the City
"Housing the Homeless"
Bay Area Council Analysis Reveals $69,000 per Tent Price Tag for Safe Sleeping Sites
...More"L.A. hopes to speed ADU construction with new standard plan program"
It could cut the plan-check review period for new ADUs from four-to-six weeks to as little as one day
“Modular housing and ADUs is the pathway that’s open to really make a dent in the [housing supply] problem,” says Gaisford.
...More"Apartment List National Rent Report"
Rents in coastal superstar cities have bottomed out
“San Francisco has consistently made headlines throughout the pandemic …,we appear to have hit the turning point where the city’s price correction has officially bottomed out. In February, rents in San Francisco increased by 1.2 percent. This is the first monthly increase in San Francisco since the start of the pandemic.”
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