Posted on 08/30/2020 8:23:59 PM PDT by Vendome
Pinterest, a social-sharing site popular for pinning recipes, home inspiration and more, has canceled its large San Francisco office lease.
The lease was for 88 Bluxome, a high-rise complex to-be-constructed near Pinterest's existing San Francisco headquarters. The company cited a shift to work-from-home due to the coronavirus pandemic in its decision. Pinterest will keep its current city offices, however.
The company cited a shift to work-from-home due to the coronavirus pandemic in its decision. Pinterest will keep its current city offices, however.
The termination fee for the 490,000-square-foot office space is $89.5 million, Bloomberg reports.
The change in working life may also trigger a change in Bay Area demographics. In an anonymous survey of 4,400 tech workers, two-thirds of respondents said they would consider leaving the region permanently if allowed to work from home.
(Excerpt) Read more at sfgate.com ...
This is just the beginning
Tahoe to be soon WAY more overrun than it has been for decades.
#NancyAndGavinsSanFranFreako
Yep
Unpossible.
It is a worker’s paradise, they assure us this kind of thing would never happen in their fruitopia.
A MAJOR reckoning is about to happen to Hollywood and social media. The carnage and gnashing will be extreme.
I work for a major and they have told everyone that leases will be consolidated.
Downtown everywhere is going to take a serious hit.
Production did not drop with work at home policies.
Expect management to take a serious hit as well.
North Idaho is really overrun. Massive subdivisions being built everywhere. The prairie farmland is getting built with houses, farms are rapidly disappearing. Real estate prices are soaring.
It’s all very sad to see.
That same thing is happening here but for slightly differing reasons.
NY is actively driving farms put of business through chicanery and onerous BS.
Meanwhile they put out advertisements every now and then gaslighting farmers by saying “NY is proud of their dairy farmers!”
Two of what had been the remaining 4 dairy farms have closed by me.
One through EPA malfeasance, the other through the state repeatedly “reassessing their tax”.
Then say hello to mushroom houses, they pop up overnight where farms once existed.
Home, Home on the Range
Where the drunks and the homeless don’t stay
Where seldom is heard a four letter word
And the skies are not smoggy all day...
FTA: The termination fee for the 490,000-square-foot office space is $89.5 million
Wow. How bad is it to want to pay that price to get away.
This guy is a tv & movie reviewer and he and his wife are moving out of the state.
San Francisco’s Mass EXODUS | Over HALF of SF’s Storefronts CLOSED Forever Including My Wife’s
https://www.youtube.com/watch?v=WijKpSJlPV8
What? What?What? There are people who don't want to step in piles of human shit on their way to work? What's the world coming to?
Yep. Commercial real estate is probably a bad place to be invested right now. ...And, TBH, for the foreseeable future.
covid only sped this up. This is just another cycle of change forming. Large offices and the costs that come with them are certain to have concerns going forward.
Yes, the Rathdrum prairie area has long been turning into Spokane’s bedroom commuter community. That pace has accelerated of late. Rural property is going bonkers as well. My corner of North Idaho is still relatively quiet, though. A lot of these West side and California refugees are not prepared for the winters here, though Last couple of weeks of August until the snow flies is Getting Ready for Winter time. Woe unto those who are not prepared. We’ve got our wood and propane all lined up, so we’ll be set.
And because they'll no longer be crammed into stressful big cities, they'll start becoming Republicans...(talk about changes.)
CDA is our second home and place of refuge. The subdivisions and the real estate market have exploded. I’m seriously concerned about the politics of those moving in. We have 4 more years until we can retire and live their year round.
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