But just think of all the revenue SF is garnering from its “vacancy tax”?
Yep, a per foot tax that increases in rate every year the property owner is unable to rent/lease it. This is separate from property taxes.
The city thinks this will encourage the property owners to find someone stupid enough to rent the buildings in an area guaranteed to lose money.
“But just think of all the revenue SF is garnering from its “vacancy tax”?
Yep, a per foot tax that increases in rate every year the property owner is unable to rent/lease it. This is separate from property taxes”
In unrelated news..San Francisco “authorities” are perplexed by the drastic increase in commercial property bankruptcies and incidents of building fires.
I was just trying to figure out if this store fell into one of the many “neighborhood districts” that SF is penalizing. I couldn’t tell precisely thru Google maps or the PDF download (from the city) if it’s in the actual districts (districts are named, but included streets aren’t). From the sound of the location, the visual on the Google map (Union Square), and it’s proximity to other major locations (Chinatown, the Tenderloin, the Bay)...I’m thinking T-Mobile’s vacant office is dead in a penalty district and will pay, pay, pay.