![]() On the residential side of things, the number of homes on the market in San Francisco is up 150% year-over-year.įlush with cash only months ago, San Francisco is experiencing multiple crises. In August, Pinterest paid nearly $90m to break a lease on an unbuilt, 500,000-sq ft office it no longer needs, while smaller companies like Credit Karma have closed their San Francisco offices and consolidated employees elsewhere. Post-Covid demographic data is at best preliminary, but real estate responds more quickly than census enumerators. San Francisco’s official population had already begun to decline slightly last year, shedding some 2,500 people from its all-time high of 884,000. ![]() ![]() ![]() For a region blanketed by wildfire smoke and gradually phasing out the stricter terms of its coronavirus lockdown, it’s an abrupt shift from the prolonged boom that emerged from the late-1990s tech frenzy.
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