Tension builds in Downtown San Francisco as tenants and landlords butt heads against the backdrop of a looming recession. In an article rife with weather metaphors, the SF Business Times reports that tenants are beginning to see cheaper rents on the horizon while building owners are confident that everything is and will continue to be a-ok. The result? A potential real estate freeze-up with no one willing to acquiesce. There is optimism, however, as experts seem to agree that should a recession hit (has it already?), San Francisco will be better off than other American cities due to the relatively recent diversification of the local economy and the possibility of attracting foreign investors. As clouds gather around the weak dollar, it looks like there might be a bit of a silver lining for San Francisco.
· Commercial leasing enters winter in a deep freeze [SF Business Times]
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