Serious problems with this graph. “Total jobs” and “new jobs” are two completely different things. A 2000-job building doesn’t add 2000 new jobs. Second, does it take into account that “new housing” ALSO REMOVES JOBS, such as the AMD campus re-zoning to 1000 units of housing?
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Unfortunately I'm not a Sunnyvale expert, but generally I'm hearing offices are more profitable than housing, and more attractive for cities' tax bases. Offices are moving forward in SF, while much housing is stalled because of construction costs. https://www.sfchronicle.com/business/article/San-Francisco-passes-New-York-to-become-world-s-13760541.php …pic.twitter.com/tiYhcVL4xw
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I think the discussion of what's more profitable (office or housing) tough... It is very idiosyncratic to the submarket, timing, and the site (and ownership profile of the site!) itself.
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We need to hear this directly from the housing providers. My experience is that housing developers have a hell of a time aggregating property, due to a combination of land cost and availability. If that’s the case, then the focus should be on industry-to-residential conversion.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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