Vast amounts of tech money have transformed the city's commercial spaces in unexpected ways.
Adrian Daub takes a closer look at the area around Church and Market streets in San Francisco to better understand the phenomenon of commercial spaces remaining empty after businesses have been priced out:
[Sparky’s diner] was first to go: in 2015 rent suddenly went up, the diner’s owner refused to pay, and Sparky’s was no more. Our usual ideas about gentrification suggest neighborhood standbys get replaced by fancy boutiques and brunch-centric eateries. Instead, after Sparky’s came … nothing. Elsewhere, too, long-term leases timed out, rents increased, and the old neighborhood hangouts disappeared.
The area has seen huge growth in the number of residents and upscale residential developments, but storefronts remain unoccupied, says Daub. "Developers make their money with luxury apartments aimed at high-salaried tech workers, while ground floor retail is an architectural and economic afterthought: giant spaces that any business would have trouble filling with life and justifying financially."
Daub points to California’s Proposition 13 and the cap on property taxes as a factor in this market dynamic. "Owners may pay Nixon-era property tax rates, while renting out those spaces at rates that have exploded in the last 40 years. They, too, can afford to let buildings sit empty."
San Francisco highlights the link between the technology industry and capitalism and the change that ingenuity and money can bring, says Daub. "But walk through parts of San Francisco today, and you get a different sense altogether: not an uncanny effectiveness, but a panicked swirl of homeless capital."
Read the full story: Abandoned stores, empty homes: why San Francisco's economic boom looks like a crisis
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
The state-sanctioned urbicide of Austin
People don’t kill cities. Freeways do.
US to reduce Colorado River water deliveries to Mexico
A new Colorado Treaty amendment reduces Mexico’s Colorado River water allocation by 250,000 acre feet.
Nation's most wind-powered state turns to coal as data centers increase energy demand
For the first time in decades, Iowa has increased its generation of coal power.
NYC cools commuters with city's first rain garden above a bus stop
New York City officials say the plants in the rain garden can absorb 16 gallons of rainwater during heavy storms.
Brightline West’s future may rely on $6 billion federal loan
The company has until Nov. 2 to make a $400 million equity investment into its proposed high-speed rail line.
FREE Course: Walkable City 1: Why Walkability?
After describing his path towards focusing on walkability as the essence of good planning, Jeff Speck marches through his five principal reasons for making more walkable places.
Reinventing Malls: Planning Alchemy—Turning Gray Fields Into Gold
The course focuses on the opportunities and imperatives that shape reinvention of mall sites.
Eagle County Government
Harvard University Graduate School of Design
Nashville Planning Department
The Architects Foundation
University of Cincinnati Online
The Pocatello Development Authority
The Urban Renewal Agency of the City of Pocatello
Journal of the American Planning Association