, executive director of real estate firm CBRE, said he expects the San Francisco commercial real estate market to get more competitive in the second and third quarters, when there's a better sense of demand.
“They’re all sort of moving cautiously because they don’t really want to lose key employees,” said Yasukochi, adding that some people end up not seeing the point of going in when they experience the emptiness of it the office. “There’s nothing worse than 'Oh I made this effort to come in and put on real pants today and I’m the only one in,’” Yasukochi said. He said his San Francisco CBRE office is at 20% to 30% capacity"on a good day."Retention and employee satisfaction are more critical than ever across the tech sector as record numbers ofand exploring new opportunities. Forcing people to commute is an added risk.
"They’re rolling the dice and it’s a gamble I'm not sure I'd want to make in this environment,” Slabinski said.“They could really differentiate their opportunities where maybe they can’t compete for comp but they could offer flexibility and trust," said Slabinski.
There are some signs that other things are coming back as well. Brandi Susewitz, founder and CEO of corporate furniture reseller