As New York City’s burgeoning tech economy continues to grow, startups face the same challenges for office space they would anywhere else—but have the added challenge of Manhattan-level price tags, vying for space with law firms, banks, and other well-financed tenants.
An absolute lack of space is not the issue, however. New York’s low 10 percent office vacancy rate may be second only to Washington, D.C.’s 9.6 percent, but an enormous amount of inventory is going up [...]. — urbanland.uli.org
San Francisco today has the second-highest median income in the United States, but, even using that peg, middle-income San Franciscans can afford less than a sixth of the homes available in town. Every city on the up-and-up must contend with a gap between rich and poor. Yet few have also, like San Francisco, managed to immiserate a relatively well-heeled middle class. — the New Yorker
San Francisco is practically the reductio ad absurdum of gentrification: It’s already land limited on three sides by water, and the massive rise of the tech industry over the last few decades has dramatically increased both the population of the area and its wealth. [...]
But the blame shouldn’t go to the tech companies or their employees moving to San Francisco, however despicable some might be. Blame San Francisco for being pleasant, and its policymakers for being foolish — Quartz
The tech sector is, increasingly, embracing the language of urban planning — town hall, public square, civic hackathons, community engagement. So why are tech companies such bad urbanists? — nytimes.com
SUBMIT NEWS: submit in 60 seconds!