SAN FRANCISCO : Tech leaders and internet stars are lamenting that the downtown San Francisco’s real estate market has deteriorated and the city is getting “emptier and emptier”, with Elon Musk calling this as “tragic”. File hosting service Dropbox’s chief financial officer Tim Regan said that they were relatively quick to market with subleasing plans. However, “the market has deteriorated, with many companies reducing their real estate footprint”, said Regan.
San Francisco has been among the slowest US markets to rebound from the pandemic as tech companies did not open their offices and promoted remote work amid mass layoffs. Podcaster Elijah Schaffer tweeted that San Francisco is getting “emptier and emptier”.
“Last time I went, a man was urinating on the Twitter building and the only people on the street were angry press trying to snapphotos of @elonmusk,” he posted. Musk replied: “Tragic. I hope SF (San Francisco) comes back from this emptiness. It is such a beautiful city with so many amazing people”. David Sacks, co-founder and partner at Craft Ventures, tweeted that he got offered office space in San Francisco for the same price as 2009. Musk replied: “It will go lower”. Amid global recession fears, San Francisco stands to lose the most as work-from-home in the last three years of the pandemic at tech companies and expensive real estate has stalled the city’s growth.
San Francisco has been among the slowest US markets to rebound from the pandemic as tech companies did not open their offices and promoted remote work amid mass layoffs. Podcaster Elijah Schaffer tweeted that San Francisco is getting “emptier and emptier”.
“Last time I went, a man was urinating on the Twitter building and the only people on the street were angry press trying to snapphotos of @elonmusk,” he posted. Musk replied: “Tragic. I hope SF (San Francisco) comes back from this emptiness. It is such a beautiful city with so many amazing people”. David Sacks, co-founder and partner at Craft Ventures, tweeted that he got offered office space in San Francisco for the same price as 2009. Musk replied: “It will go lower”. Amid global recession fears, San Francisco stands to lose the most as work-from-home in the last three years of the pandemic at tech companies and expensive real estate has stalled the city’s growth.
For all the latest world News Click Here
Denial of responsibility! TechAI is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.
