A combination of a lot of the jobs these offices were meant to cater to being increasingly redundant and spiking crime rates in cities has become a pin to this enormous bubble.
Unless you can remodel these spaces to serve another purpose like maybe high tech manufacturing or hydroponics, the West is starting to import China's ghost cities.
One word stood out to me as I read the article: boomtown. Tech jobs were the new gold rush as tech bros poured into the cities to strike it rich. Now, interest rates are high, the rush is over, and cities are turning into Detroit as nothing is keeping people there.
The jobs are also moving to new locations. Austin and Miami have both been seeing a ton of growth in the Tech sector as of late. But unlike Silicon Valley, most of these companies are striving to be practical and actually make money, so it is less of a boom situation.
Will be interesting to see what happens as Silicon Valley continues to fall apart though.
A combination of a lot of the jobs these offices were meant to cater to being increasingly redundant and spiking crime rates in cities has become a pin to this enormous bubble.
Unless you can remodel these spaces to serve another purpose like maybe high tech manufacturing or hydroponics, the West is starting to import China's ghost cities.
One word stood out to me as I read the article: boomtown. Tech jobs were the new gold rush as tech bros poured into the cities to strike it rich. Now, interest rates are high, the rush is over, and cities are turning into Detroit as nothing is keeping people there.
The jobs are also moving to new locations. Austin and Miami have both been seeing a ton of growth in the Tech sector as of late. But unlike Silicon Valley, most of these companies are striving to be practical and actually make money, so it is less of a boom situation.
Will be interesting to see what happens as Silicon Valley continues to fall apart though.