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Value of one of S.F.'s biggest buildings plunges by 80% after Uber, Block leave

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Submitted ⁨⁨11⁩ ⁨months⁩ ago⁩ by ⁨bot@lemmy.smeargle.fans [bot]⁩ to ⁨hackernews@lemmy.smeargle.fans⁩

https://www.sfchronicle.com/sf/article/s-f-office-building-value-19438429.php

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  • Habahnow@sh.itjust.works ⁨11⁩ ⁨months⁩ ago

    What eventually happens to the landlords once they don’t make enough revenue on those office spaces? Foreclosure and the back reposses it? That would show them to sell it to another company for a lower value and drop office prices, right?

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