Posted by: BayAreaComRE | April 5, 2011

Who will revive the next market in San Francisco?

San Francisco, one way or another, has managed to keep several major growth technology companies in the city for several years to come. It’s no longer just a hot spot for the up and comers and fledgling companies. This is a destination city, heck, call San Francisco a headquarter city!

Zynga revived a development that had long sat vacant in Showplace Square. The biggest deal in 5 years when they signed.

Salesforce put their stake in the ground in Mission Bay, set to build their global headquarters in the storied and somewhat troubled development in Mission Bay. Add 5,000 workers to stay in the city and a huge lift to the Mission Bay.

Now Twitter is one step closer to reviving a large development at 1355 Market Street, and an entire submarket may benefit in the process. The Civic Center now won’t just be home to lawyers, judges, city gov employees and a generous sampling of SF’s more eclectic denizens. Twitter and its ostensible followers (so wish all the building owners and city officials) may just be the catalyst to revive another run down SF market.

Cheers to the city for getting this done. Hopefully the tax breaks won’t end with the big guns. The city is thriving because of the huge number of startups setting up shop here, and the more loyalty these founding teams have for the city, the more likely they will want to revive a market when their time comes.

 

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Responses

  1. The Bay area continues to do a great job of keeping and attracting companies, despite the high cost of real estate. I am sorry that I left a few years back…

  2. very good information about next market in san francisco….
    thanks for sharing……

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