“But just think of all the revenue SF is garnering from its “vacancy tax”?
Yep, a per foot tax that increases in rate every year the property owner is unable to rent/lease it. This is separate from property taxes”
In unrelated news..San Francisco “authorities” are perplexed by the drastic increase in commercial property bankruptcies and incidents of building fires.
Taking into account the rising cost of money, when the fire insurance pay-out exceeds the value of retention you will see the left coast version of
The Bronx Is Burning