“The downtown Palo Alto and Mountain View vacancy rates are effectively zero. Those numbers include the very undesirable or significantly overpriced offices. Most of the activity in these downtown markets is a game of musical chairs. The majority of space isn’t fully marketed to the public and is often spoken for months before the previous lease expires.”
Interesting. In marginally related news, I once met some former residents of Mountain View, who were slagging on it mightily. They said, “There’s no place to get a drink after work…” What? I thought, our ‘strip’ seems to stay open later than those of neighboring towns. “…at 10pm.” Ah-ha. Their quality of life seemed to have improved immensely, having moved to the city,* but I think it was probably actually the case that, since they no longer lived within, say walking distance of work, it was eventually necessary for them to leave work to go home…probably some time before 10pm.
Also, this: New San Francisco Tech Boom Brings Jobs but Also Worries from the New York Times, earlier this month.
*Of course we can expect a certain amount of ohmygodIliveinSanFranciscoeverydayisagift. It happens.