CEO of a 400+ employee business says WFH is working well, he may not renew his SF lease to save $10m a year (office + lunches etc) and instead do a couple of all-hands offsites a year (much cheaper). Lots of others must be thinking similarly- CRE could be permanently altered.
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May be slow but not “the end” - arc of history is long :-) this city has been doing that since the 1800s - doesn’t mean it shouldn’t move faster now
While I agree SF has huge shortcomings, it's still superior to every city if your goal is to build wealth through startups, even though it's declining.
