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Dropbox handing over 25% of San Francisco HQ back to landlord as commercial real estate softens (www.cnbc.com)

submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

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Dropbox handing over 25% of San Francisco HQ back to landlord as commercial real estate softens::San Francisco is seeing its highest office vacancy rate since at least 2007 as Dropbox and other companies allow employees to work from home

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[-] glockenspiel@programming.dev 10 points 1 year ago

Yep. Heck, it is rough even for those of us who won the housing lottery. If we ever want to move it means paying incredibly inflated prices (even with big gains on the sales of our own homes) and now crazy rates. Probably why prices haven’t really come down: few are selling. Golden handcuffs.

this post was submitted on 21 Oct 2023

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