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Old Posted May 3, 2013, 4:34 PM
mt_climber13 mt_climber13 is offline
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Join Date: Jan 2012
Location: San Diego
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Quote:
Originally Posted by tech12 View Post
Not really. People always focus on the tech industry, but the Bay Area's economy is actually quite diverse. Healthcare, tourism, manufacturing, energy, transportation, finance, professional services, education, etc, are all large parts of the economy here.

Though it is the tech industry that's a big reason behind the current building boom, the extra sky high rents, and all the office space getting leased in downtown SF right now.
"Bay Area" ≠ "San Francisco."

Tourism isn't going to build an 1,100 ft. office skyscraper.
Neither is any of the above you mentioned except finance. The financial industry is pretty strong in SF.. but my point was that once (if?) the tech bubble bursts we will see a huge ballooning of vacant space in the city.

Of course this could all be reversed if Google and Apple decided to headquarter in SF instead of building sprawling, unsustainable, insulated, boring suburban office parks in Sunnyvale.
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