Zuckerberg said last year that he expected Facebook’s real estate growth to be primarily outside the Bay Area as the region grappled with traffic congestion and high costs. The coronavirus is accelerating that trend.
“This is probably overdue. Over the past few decades, economic growth in the U.S. has been quite concentrated, with major companies often hiring in a handful (of) metropolitan areas. That means we’ve been missing out on a lot of talented people just because they happen to live outside a major hub,” he wrote Thursday.
Mark is silent about the political climate and environmentalists @manch probably still refuses to believe the secular trend of moving to WFH and plateau-ing of 7x7 RE prices.
@manch, if you like Democrat-California so much, sell your 7x7, buy in Pleasanton, San Ramon, … it takes a long time for titanic to turn, don’t be so short-sighted.
The era of 9-5-5 office is fading.