It looked like quite a turnaround for a city whose epitaph had been written again and again since the pandemic. According to the 'urban doom loop' hypothesis, reduced demand for office space would lead to a collapse in commercial real-estate values and, in turn, a decline in city revenues and services...
San Francisco and other so-called superstar cities have entered a kind of Schrödinger's economy, booming and busting at the same time. City leaders must come to terms with the fact that pre-pandemic office demand is never coming back, and plan accordingly.
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