San Francisco Is The Place To Be

@manch you will love but many will hate :smile:

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Good find.

Most of these haters don’t care about San Francisco except to use it as a liberal hate symbol. I have no doubt SF will bounce back. I always find it odd people don’t think NYC will collapse anytime soon as a finance center but SF can be easily replaced as a tech hub.

Here’s another Twitter thread about raising kids in SF. May blow people’s minds there are actually kids in SF.

Notice it’s change in enrollment not total enrollment. That’s a lot of years of decline.

I am just pointing out that SF still has a lot of families raising kids here.

Also, private school is a big thing in the city. To get the whole picture you need to look at privates enrollment as well.

Elementary school enrollment in public school only went down 15% in 23 years? That’s less than I expected. The Covid closure in public schools had many parents transfer their kids to private schools. SF voters recalled the school board as a result.

I’ll just stick with data. SF is dead last in percent of population under 18.

Yup. SF is expensive because it’s desirable.

Cities with most kids are cheap towns like Salinas and Bakersfield. Thanks but no thanks. You can move there if you want.

Nice pivot. Yawn…

https://www.sfgate.com/bayarea/article/san-francisco-loses-meta-red-hat-conferences-18187573.php?utm_campaign=socialflow&utm_source=facebook.com&utm_medium=facebook&fbclid=IwAR0lNi515rVHe66BRbSFSKEFtwJnNA8AlMDQJ65Nths5bnvUPbDHzV8GmmM_aem_AXazSXhX3l_IgAqtI9B1LhsssLoWxKwVSu1W8ywm_zjcvVgJwI4p1Rn7AIZ3Eafr610#ljujpl89gmfkkow9ylk

It’s really lovely there.

Colin Yasukochi, executive director of CBRE’s Tech Insight, compared the Presidio to Sand Hill Road, the historic address for VCs in Silicon Valley.

“We do have this phenomenon that we call ‘flight to quality’ in real estate here,” he said. “The Presidio has evolved as the Sand Hill Road of San Francisco.”

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Is an AI boom enough?

However, not everyone in the commercial real estate space believes the recent AI boom is enough to revive the city.

Hans Hansson, the president of Starboard CRE, a San Francisco-based commercial real estate firm, said that while he has seen some companies, including smaller AI firms, take advantage of relatively lower office rents in San Francisco in recent months, he doesn’t believe that an AI boom alone is enough to repair the damage to the city’s economy.

“AI firms are great if you have 100 or so people coming into the office every day, but if you have an AI firm where three-quarters of the firm is remote and only a third is actually working on-site, that doesn’t support all the other services that would go in and join you, like restaurants, bars and all the other fun stuff you’d have on the ground floor of office buildings,” he said.

“I think the crash is coming, and it hasn’t happened yet,” he added, referring to commercial real estate prices.

Quinn said that despite an uptick in AI companies renting office space, JLL has seen more traditional businesses, like banks and law firms, look to reduce their office spaces or leave the city when their leases come due.

“We were used to being the real estate darling across the United States, so this is a new dynamic that we haven’t experienced before,” he said.

https://www.cnn.com/2023/07/10/business/ai-real-estate-san-francisco/index.html

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Rents seem to clearly indicate which places are in more demand.

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South Bay :rocket: SF :chart_with_downwards_trend:

More importantly, Austin :chart_with_downwards_trend:

SF :poop: hole

https://www.sfchronicle.com/projects/sf-car-breakins/

Makers of Snapchat hunting for San Francisco office space

https://archive.is/THwSx

Some nine months after pulling out of its SoMa office as part of a major restructuring effort and shifting to remote work, the Santa Monica-based parent of social media messaging app Snapchat has launched a search for a new office in San Francisco, multiple sources with insight into the company’s real estate strategy have confirmed.

Snap’s foray into remote work didn’t last long. In November — after Snap reported its slowest quarterly sales growth in its history — CEO Evan Spiegel announced that employees would be required to return to the office four days per week, and that the company would phase out its predominantly remote work policy starting in February.

Remote work trend is reversing.

The ferry building is lovely.

There are plenty of lovely places in the Fab 7x7. Just that the pathetic “leaders” of our fair city over the last few years have F’d it all up. Plain and simple.

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Vote the bums out next year dude. Tell all your family and friends.

Need to reclaim the BoS.