SAN FRANCISCO, Calif. (KRON) – In San Francisco, there are signs that the coronavirus pandemic may perhaps be easing, but what will it take to entice workers back again to the town and reinvigorate the commercial real estate market.
Due to the fact the pandemic started out just around a yr ago, the range of workers commuting into San Francisco has plummeted.
Numerous San Francisco-primarily based corporations, like Salesforce, have stated that their workforce can operate from dwelling permanently if they so pick.
As the range of coronavirus circumstances in San Francisco continues to drop and restrictions are eased, how a lot of workers will return to the town and what will that necessarily mean for the commercial real estate market downtown?
“That is the million-greenback dilemma,” Rodney Fong stated.
Rodney Fong is the President & CEO of the San Francisco Chamber of Commerce.
He states that in get to reinvigorate the market San Francisco need to entice businesses and workforce back again by confronting crime and cleanliness issues and doing the job to get smaller corporations back again into the a lot of vacant storefronts throughout the town.
“We need to have to action on the fuel. These vacant areas, no matter if they are neat very little areas in North Beach front, their artistic entrepreneur to open a flower stand. A flower stand would be so welcoming in San Francisco. We want to encourage that variety of creativeness. Persuade persons to open corporations. Take likelihood on certain items and give them as a lot of instruments as possible to do that,” Fong stated.
He also states it’s critical to entice website visitors back again to the town. Just before the pandemic, twenty five.eight million persons would take a look at San Francisco each yr pumping huge amounts of funds into the neighborhood financial state.
He states the key to having them back again is dealing with the pandemic and embracing what helps make San Francisco wonderful.
“I assume for San Francisco I’m lengthy time period bullish,” Fong stated.
“We have to make confident that we place emphasis on the society the arts and all the items that make San Francisco special and the business enterprise community will adhere to.