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In cities where transit access is less important to the white-collar workforce, the highest-rent offices aren't right downtown.
The best office addresses in LA are well outside downtown, in Century City.
Atlanta and Dallas have their highest-rent office districts just north of downtown, in the same direction as their "favored quarter" residential. Midtown Atlanta is about a mile north of Downtown, though the highly-amenitized Old Fourth Ward to the east has lately been giving it a run for the money.
Uptown Dallas begins about half a mile north of Downtown.
I’m curious if the financial district in San Fran is the prestige address for offices there. I think it was once, but I understand that office vacancy is pretty high in the city post-Covid, San Fran is physically small, and of course many of the big tech and biotech outfits are to the south of the city in Silicon Valley and elsewhere. So I don’t know about the prestige factor of being downtown, though the new Salesforce tower opened a while back and it’s the tallest building in the city now.
I’m curious if the financial district in San Fran is the prestige address for offices there. I think it was once, but I understand that office vacancy is pretty high in the city post-Covid, San Fran is physically small, and of course many of the big tech and biotech outfits are to the south of the city in Silicon Valley and elsewhere. So I don’t know about the prestige factor of being downtown, though the new Salesforce tower opened a while back and it’s the tallest building in the city now.
Most of the tech in SF is in SoMa or directly on Market St. That's still a downtown to me but probably not to someone from SF.
In the San Jose metro, most of the big companies are away from the various little downtowns and located in random places that happened to be contiguous undeveloped land at one point.
I’m curious if the financial district in San Fran is the prestige address for offices there. I think it was once, but I understand that office vacancy is pretty high in the city post-Covid, San Fran is physically small, and of course many of the big tech and biotech outfits are to the south of the city in Silicon Valley and elsewhere. So I don’t know about the prestige factor of being downtown, though the new Salesforce tower opened a while back and it’s the tallest building in the city now.
I imagine it depends on industry.
Finance / Law / Accounting - DT SF
Tech - SJ area
That's just my guess.
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