I wonder how much of the SF 30% was the closure of so many WeWork clones. My group toured several of them right before the pandemic hit and the prices were redunk. $1000/month for a desk and barely enough space to get in and out of it.
At one space we asked about the speed of the wired network and they didn’t know. Turns out it had been down for an unknown period of time and no one noticed because everyone was working on the beanbags in the common party zone.
We settled on an old office a block away. Ugly and slightly musty. But, 5x the space at 1/2 the price. And, the tiny staff were competent and eager to help. Three months later Covid hit and we never went back :( All still working from home.
I'm in SV, not SF, but similar experience. When pandemic started was looking for remote office space and all these WeWork clones had outlandish pricing. Ended up renting from an individual office building owner, twice the space for 1/4th of the cost. Still there.
At one space we asked about the speed of the wired network and they didn’t know. Turns out it had been down for an unknown period of time and no one noticed because everyone was working on the beanbags in the common party zone.
We settled on an old office a block away. Ugly and slightly musty. But, 5x the space at 1/2 the price. And, the tiny staff were competent and eager to help. Three months later Covid hit and we never went back :( All still working from home.