San Francisco Will Lose 80% Of Dot-Coms

"The study, which focuses primarily on how commercial real estate will be affected by the technology shakeout, estimates that Internet-related companies will give up another four million square feet of real estate in the next year, a huge amount of office space. That number was based on the Internet closure projections, coupled with a review of nearly 1,000 lease transactions in San Francisco and sublease space that already is available." Suddenly, office space in San Francisco seems much more affordable.