Quote:
Originally Posted by pesto
I agree that general economic vitality is critical to office growth. Sort of makes sense.
Just to clarify, Facebook and Google have HQ's about 30 miles south of SF. Twitter has a very small HQ in a SF low-rise. They would have moved to Silicon Valley but the city offerred them a waiver of taxes.
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Yes, you're right about Google and Facebook......my bad. As for Twitter, they are talking of taking 400K sq ft of office space over the next 5 years:
http://online.wsj.com/article/SB10001424052748704529204576257502392147060.html
That's not huge but its substantive.
And then there is this:
Forty technology companies are looking for close to 2 million square feet of office space in San Francisco, most of it South of Market, according to a report by real estate firm Colliers
Read more:
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/10/13/BUE91LHAEC.DTL#ixzz1t1XAAqMo
Its this kind of talk that leads to new office skyscrapers.
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As for total employment and new buildings, it depends on what you mean by DT SF. Does this include just the financial district, or Market, SoMa and surroundings. I don't really care either way, but it's a matter of how far you believe the DT areas really extend. Probably not worth discussing.[/QUOTE]
I consider DT SF to run from Van Ness on the north to the Embarcadero center to the south......I think that's north/south. And includes SOMA, Market, the Federal Plaza and the financial district.
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