clock menu more-arrow no yes mobile

Filed under:

Techies Making It Rain For the City

New, 3 comments

Yesterday Assessor-Recorder Phil Ting announced that the value of San Francisco real estate grew by about $6 billion in the past fiscal year, mostly due to an astronomical amount of commercial property sales. "We continue to feel the real estate market is on its way back," Ting said. No kidding. The neighborhoods that had the most impact were SoMa and Mission Bay, because of the influx of tech companies scooping up bazillions of square feet of commercial space on an hourly basis. [SF Appeal/photo via Shutterstock]