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03. Charles Schwab (currently based in San Francisco) has announced that it is acquiring TD Ameritrade (currently based in Omaha) and that the merged company will be moving its global corporate headquarters to the Greater Dallas/Fort Worth Metroplex:
06. Solinftech (based in Brazil) has announced that it is relocating its global corporate headquarters from Brazil to the Lafayette, Indiana metropolitan area:
07. RaceChip (based in Germany) has announced that it is relocating its U.S. headquarters from Greater Los Angeles to the Fort Walton Beach-Crestview-Destin, Florida metropolitan area:
Its housing prices are out of reach for most people in most industries. It must be pure hell trying to attract and keep a staff even into the low six figures.
Even on the tech side, the SF area does pretty well with the young six-figure earners, but even those jobs often need to dual-locate elsewhere to collectively scale up an organization. Nobody employs 50,000 in the SF area.
When the headquarters decision prioritizes attracting mid/late-career people or people earning less than $150,000, it's easy to see why they'd leave entirely.
Its housing prices are out of reach for most people in most industries. It must be pure hell trying to attract and keep a staff even into the low six figures.
Even on the tech side, the SF area does pretty well with the young six-figure earners, but even those jobs often need to dual-locate elsewhere to collectively scale up an organization. Nobody employs 50,000 in the SF area.
When the headquarters decision prioritizes attracting mid/late-career people or people earning less than $150,000, it's easy to see why they'd leave entirely.
^ This. If the typical home costs $1,000,000 in much of the Bay Area, then how is someone even earning $100,000/year-$200,000/year supposed to comfortably afford that?
This is why I'd much rather earn $60,000/year in Pittsburgh than $150,000 in San Jose. In one city I can buy a home on that salary. In the other? I can't.
Its housing prices are out of reach for most people in most industries. It must be pure hell trying to attract and keep a staff even into the low six figures.
There’s so many tech jobs and tech companies in SV that it’s literally a blip on the radar honestly.
Basically. We see exponentially more movement within Bay Area counties than movement out of the region, it's that the media has this running narrative that 'everyone is moving' and so they highlight outbound relocations when they occur.
The 2 most important local corporate relocations to me this year are as follows:
1 Visa is moving it's HQ from Foster City to San Francisco's new Mission Rock development.
2. Stripe, the nation's 2nd most valuable start up($35B) is leaving San Francisco for a new office park in South San Francisco.
McKesson leaving was expected as they leased out their trophy tower 3 years ago, Charles Schwab is not a surprise either as theyd been talking about it for a long time.
Trust me folks, there is a lot more happening within the area than whose moving.
This reads like overflow, not net reduction. It's the expense and growth pressures. If those ease, move-outs should reduce.
I watch this closely because Seattle's boom is related to SF's overflow, speaking as a general contractor for buildings and corporate/tech tenant improvements. If SF has a hitch, we might also. Ours are mostly expansions, not moves.
03. Intellihot has announced that it has selected Greater Chicago as the location of its corporate headquarters (the company did not have a headquarters previously):
04. Waterlogic USA Inc. (based in China) has announced that it is relocating its North American corporate headquarters from Greater Philadelphia (Delaware suburbs) to the Greater Dallas/Fort Worth Metroplex:
06. KVP International Inc. has announced that it is relocating its corporate headquarters from Greater Los Angeles to Greater Dallas/Fort Worth Metroplex:
09. Access Point Hospitality Group has announced that it is relocating its corporate headquarters from Greater Los Angeles to the Greater Miami/Fort Lauderdale metropolitan area:
10. Fanplayr (based in California) has announced that it has selected the Mexico City metropolitan area as the location of its Latin American headquarters:
11. The Medical Technology Management Institute (MTMI Global) has announced that it has selected Greater Milwaukee as the location of its global headquarters:
12. ReneSola (based in China) has announced that it is relocating its global corporate headquarters from Shanghai, China to Greater New York (to Stamford, CT):
14. Cheddars, after it was bought by Darden, has announced that it is relocating its corporate headquarters from the Greater Dallas/Fort Worth Metroplex to Greater Orlando:
18. David Neeleman has announced that he has selected Greater Salt Lake City as the location to the headquarters of his newly created airline company (still currently unnamed), in addition to Salt Lake City serving as the new airlines' primary hub:
19. Assembly Biosciences has announced that it is relocating its corporate headquarters from Greater Indianapolis to the Greater San Francisco Bay Area:
22. Merrick Engineering has announced that it is relocating its corporate headquarters from Greater Los Angeles (via Riverside, CA) to the Waco, Texas metropolitan area:
01. An unnamed computer programming company is on the prowl for a new headquarter location, in consideration are Greater Austin, Greater Dallas/Fort Worth Metroplex, Greater Miami/Fort Lauderdale, and Greater New York:
02. Sherwin Williams is currently scouting the country for a new location to its corporate headquarters, the places in contention are its current headquarters location of Greater Cleveland and Greater Houston, Greater Dallas/Fort Worth Metroplex, Greater Atlanta, and Greater Charlotte:
Last edited by Trafalgar Law; 01-16-2020 at 05:46 PM..
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