Now that the dot-com rush is over, the real estate market in San Francisco is changing. Will the rest of the U.S. follow?
"For much of the late 1990s San Francisco was America's premier tech town, the poster child of the digitally-driven Boutique City. As Silicon Valley began to seize the high ground on the "soft" side of the information revolution, the city by the Bay emerged as the favored locale for advertising, media and dot.com related firms spawned by the high-tech boom. Rents, both for housing and offices, soared as once decrepit neighborhoods blossomed and even became chic. Now, with the collapse of tech stocks and a general economic slowdown, that process has slowed and even started to reverse... "
Thanks to ReisCast
FULL STORY: Post Materialism: Political Lag Adds to Boutique's Real Estate Troubles
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Economic & Planning Systems, Inc.
UCLA Lewis Center for Regional Policy Studies
Mpact (formerly Rail~Volution)
Chaddick Institute at DePaul University
City of Piedmont, CA
Great Falls Development Authority, Inc.
HUDs Office of Policy Development and Research