Free Republic

San Francisco-based companies leaving The Golden City because of drop in revenue ... San Francisco, California-based tech CEO Mark Benioff says the city will never go back to the way it was ... ... Golden City is struggling to keep businesses intact, leaving many buildings vacant.. office vacancy rates in San Francisco were 24.8% in the first quarter, more than five times higher than pre-pandemic levels and well above the average rate of 18.5% for the nation’s top cities, ... For San Francisco, the three-year exile resulted in empty storefronts with large "going out of business" signs hanging from windows....

Two weeks ago I reported on the $250 million real estate boondoggle by the General Services Administration whereby the GSA is moving the Coast Guard out of an existing, below-market lease at the cost to taxpayers of $250 million dollars.  Today I’m reporting on another, MORE EXPENSIVE real estate boondoggle by the GSA, which leads me to believe that if Congress is really serious about making real cuts to federal expenses that they can start with some easy cuts on federal real estate and personnel costs at the GSA. That’s because according to the House Committee on Transportation and Infrastructure,...