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High inflation, rising interest and plummeting stocks are taking a toll on Big Tech [...]
Despite the amount of blood on tech firms’ payroll ledgers, though, these massive cuts are not expected to affect the blistering pace of data center construction, according to industry sources.
— Construction Dive
The expected pullback from larger hyperscale data centers is nonetheless on pace to be absorbed by concurrent increases in the proliferation of smaller and more quickly deliverable colocation centers, according to recent market data. Related on Archinect: Dodge Momentum Index records... View full entry
As the tech companies Uber, Airbnb, Lyft and Pinterest prepare to go public, thousands more instant millionaires are expected to flood the market in San Francisco and Silicon Valley. All the while, the middle class and working poor are scrambling for shelter. — The Guardian
In the maddening gap between how this place functions and how inventors and engineers here think it should, many have become enamored with the same idea: What if the people who build circuits and social networks could build cities, too? Wholly new places, designed from scratch and freed from broken policies. — The Upshot
In Emily Badger's latest piece for the Upshot, she investigates the Tech Industry's newest sector of disruption, the City. From Alphabet company's proposal for Sidewalk Labs in Toronto to a proposed smart city in Arizona, Silicon Valley is looking to build urban utopias of their own. While the... View full entry
Amazon has set off a scrum among cities that are hoping to land the company’s second headquarters — with the winner getting the prize of a $5 billion investment and 50,000 new jobs over the next two decades.
(Denver's) lifestyle and affordability, coupled with the supply of tech talent from nearby universities, has already helped build a thriving start-up scene in Denver and Boulder, 40 minutes away.
— The New York Times
The New York Times suggests Denver for Amazon new headquarters as it offers a large and growing labour pool, access to universities, high quality of life and enough space to build eight million square feet of office space. If Amazon was to follow the New York Times advice it could drastically... View full entry
Trauss's followers live by the neoliberal belief that deregulation and building more housing, even if it's only affordable to the richest of the rich, will trickle down and eventually make housing affordable for all. Her vision is Reagonomics "dressed up in a progressive sheep's costume," according to Becker. But Trauss's "fresh approach" to the dilemma of exploding housing costs has got conservative libertarians and lefty media outlets alike foaming at the mouth for more. — Truth-Out
San Francisco, and the surrounding Bay Area, has long been the example around which issues of gentrification are discussed and cited. While it is far from being the only city to deal with an influx of wealth and the subsequent displacement of local residents, its role as the center of the tech... View full entry
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
Related: Working out of the Box interview with Miguel McKelvey, Co-Founder & Chief Creative Officer at WeWork. View full entry
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
