Interesting. London Breed is surprisingly saying out aloud what has been speculated on this forum by many for so long.
Mayor London Breed spoke about her concerns with the city’s high office vacancy rate last week in an interview with Bloomberg News. The remote work policies of tech companies are part of the problem, Breed said. She pointed to Salesforce as an example. “[Marc is] very supportive of the city, continues to contribute that support to schools and to other great causes, but the building is empty, and that’s a real problem,” Breed said.
Empty buildings depress property values, which affects the amount the city makes in property tax revenue. Workers are also using public transportation at lower rates, and are spending less on goods at local businesses since they spend more time inside their homes.
Breed plans to coax businesses in growing industries, such as biotechnology and green technology, to fill empty office space.
SF has to learn to live with a smaller budget. No more automatic 10% annual increment.
I thought tech employees were causing all the city’s problems? Isn’t the city better now that a bunch of them left? They aren’t causing all the gentrification and displacement of others.
Politicians are skilled at speaking through both sides of their mouth.
Govt, in particular SF/CA is not used to belt tightening. They’re used to ‘tax and spend and more’.
LinkedIn data. Employees still want remote jobs. Share of applicants for remote positions has been steady.
However, employers are less likely to offer remote positions now. Share of remote postings dropped from 20% to 14%.
It’s not just whether employees want remote or not. Management also has a say.
That seems shockingly high? 36% of Bay Area people working from home?
2022 might have reduced a bit. This’s 2021 data.
OK. That makes more sense now.