San Francisco is seeing its highest office vacancy rate since at least 2007 as Dropbox and other companies allow employees to work from home

Dropbox handing over 25% of San Francisco HQ back to landlord as commercial real estate softens::San Francisco is seeing its highest office vacancy rate since at least 2007 as Dropbox and other companies allow employees to work from home

  • InvertedParallax@lemm.eeEnglish
    421·
    1 year ago

    200+% over 10 years, refid in 2019 or so.

    Feel like I won the lottery.

    It’s not fucking sustainable and it’s cruel to anyone younger.

    • glockenspiel@programming.devEnglish
      10·
      1 year ago

      Yep. Heck, it is rough even for those of us who won the housing lottery. If we ever want to move it means paying incredibly inflated prices (even with big gains on the sales of our own homes) and now crazy rates. Probably why prices haven’t really come down: few are selling. Golden handcuffs.