Pinterest abandoning a San Francisco project doesn't start a trend - Business Insider

It's still unclear how the coronavirus crisis will affect the commercial real estate market in San Francisco, experts say.Pinterest's recent decision to abandon a massive new office project isn't necessarily a bad sign for San Francisco that the tech industry is going to leave.

And there are good reasons to think that demand from tech companies and others will return as soon as the pandemic passes, they said. Among them: there remains a huge number of highly trained tech and biotech workers in the area. But San Francisco and the surrounding region was the first in the nation to shut down to try to prevent the spread of the new coronavirus. Unlike other areas of the country, it's remained largely locked down since.Area businesses, particularly in the tech industry, were early adopters of work-from-home policies. Many have announced delays in reopening their offices and extended their support for remote work well into next year.

Additionally, the number of new leases that companies are signing has fallen off a cliff. In the Bay Area as a whole, leasing activity was down 75% in the second quarter compared with the same period a year ago, according to CBRE's data. By comparison, leasing activity nationwide was down 44%. It's still unclear how things will shake out. Companies have taken this time to evaluate their office space needs, Yasukochi said. But they likely won't make any decisions until they reopen their offices and see who shows up, he said.

'The fact is — our advantage more than any other is — we do have that dense talent pool in the area, no matter how this shakes out.' RSammonsRE CushWake

'the increase in vacancies and expected downturn in prices could end up being a good thing for the local economy. Many startups and even well-financed companies were finding it increasingly difficult to find or afford space in the area.' troywolv

Earn with the THE WORLD FOREX EXPERT TRADERS the best binary and Forex platform , i made $10, 000 within a week with just $1500 investment I never believed it's real till I gave it a try Contact the admin Mr Abrantes Rene via Twitter 👇👇👇 abrantesrene

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

VC who backed Asana, Spotify doesn't care about direct listings vs IPO - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Trump threatens to pull funding from schools that teach 1619 project - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. He cant even read Any more proof of who he is? NOW IS THE TIME,PORTLAND IS YOUR EVIDENCE.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Omsom founders discuss launching a new business during the pandemic - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. 👍 The pandemic is scheduled to last for 20 years. Then tell me, are you going to be hidden in your house for 20 years? Huh?
Source: BusinessInsider - 🏆 729. / 51 Read more »

The Business Trends That Will Emerge Out Of COVID-19Is Covid-19 on its way out? Or will it make a deadly return like round two of the Spanish flu? If anything in this article turns out to be wrong the person who wrote it must quit journalism
Source: Forbes - 🏆 394. / 53 Read more »

Maine wedding led to coronavirus outbreak in jail and nursing homes - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. 3 RINGS TO MARRIAGE engagement ring wedding ring suffer ring Zou toch wat zijn als we dit over twee weken ook hebben met de bruiloft van ferdgrapperhaus. resign Linked to 3 deaths? So did these folks die from COVID-19 or were they simply positive for the antibodies to this coronavirus 🦠 at the time of their death 💀? The official 'death count' includes both. 🧐
Source: BusinessInsider - 🏆 729. / 51 Read more »

eBay listings: 4 ways to improve your visibility and search results - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »