Posted on 07/26/2023 7:00:23 PM PDT by ChicagoConservative27
San Francisco’s commercial real estate fortunes may finally be turning.
Office demand in the city increased 10.2% in the second quarter of 2023 compared with the first quarter, according to data from real estate tech firm VTS. The researchers also found that the city has, since March, seen more prospective office tenants looking for spaces larger than 50,000 square feet.
(Excerpt) Read more at sfgate.com ...
That’s racist.
So.....will we soon see a headline that crime is ‘down’ in SF due to all the people who have left? I can just see some statistician with his own computer ‘model.’ A ‘model’ that is designed to provide a certain result, just because there are less people. Kind of like the Globull Warming hoax computer models. G.I.G.O.
People are returning to offices. But I would prefer the suburbs. SF is a $#it show.
White House press release.
That was a very beautiful, emotive song ...
at least the melody/music. I’ve never been able to decipher most popular lyrics although these were not too difficult.
Convert to housing for homeless
“((100*(1-0.3)*(1-.2)=0.56”
1. Your equation has an extra parenthesis.
2. 100 * 0.7 * 0.8 = 56
LOL!
I forgot about that building and have no idea what they've decided to do with that travesty. Is it fixable? Are people still living in it? Is it just a 'minor annoyance' (i.e., 'my floors have and walls have shifted another inch today ... no big deal')?
It’s being bought up to house illegals ...
Yup
And the answer is 56, not 0.56.
Rough night at the salt mine.
I think there hasn’t been a solution as of yet, just band aids.
I think the guy in charge is honestly named Ronald Hamburger.
Grimace must be his partner…
One observes that the company cited in the article is among those "data" sellers, one among many selling their data and analyses to those who believe their "research" is accurate enough on which to wager investment capital.
VTS Offices are:
View The Space
119 W 40th St, Fl 10
New York, NY 10018
Source URL: https://www.vts.com/about-us
"Commercial real estate in SF grapples with 350 California's expected price drop of over 80%"
Source: https://hoodline.com/2023/05/smaller-commericial-real-estate-san-francisco-versus-350-california-expected-to-drop-over-80/
"In San Francisco, Government Failure Erases Billions of Dollars of Commercial Real Estate Valuations"
Source: cato.org/blog/san-francisco-government-failure-erases-billions-dollars-commercial-real-estate-valuations
So which is the real picture? I'd suggest the latter, with a "wait-and-see" because time will tell. Always.
One thing is certain. "Happy talk" is not the best measure for asset investment when one's own money is involved. Those who have REITs involved in SF commercial real estate are concerned.
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