From one of our favorite West Coast media organizations, The San Francisco Standard, February 16:
After years of redevelopment, the Presidio has emerged as a hub for venture capital and tech. The government-run trust says available spaces are 97% leased.
The buildings are a startup founder’s dream: gorgeous raw wood, exposed brick and tall iron-framed windows that look out to jaw-dropping bay views. All of which are priceless for impressing foreign investors or highly sought-after workers.
But the structures aren’t in San Francisco’s usual tech stomping grounds of SoMa and the Financial District: They’re at 1180 Old Mason St. in the Presidio.
Whereas the downtown office market is characterized by downsized workforces and soaring vacancies, the former military buildings in the Presidio now have nearly the opposite problem: an incredibly tight supply and several tenants competing for what is available.
Last week, 1180 Old Mason St. officially opened after a year of renovations. Days later, it signed its first tenant: City Ventures, an eco-friendly real estate developer, which signed a multiyear lease at the property....
....MUCH MORE
What sets the Standard apart is when there's good news, they tell it. When there's bad news, they tell it. And they try to relay the news before they relay their opinions.
Opinions are easy, news is hard.
