No, the reason that rents in the south bay are
skyrocketing is simple
supply and demand.
Not just the south bay.
The location of my office is adjacent to an area going through rampant
gentrification. When I moved my office to its current location 12 years
ago, 50 cents a square foot was going rate for warehouse space, usable as
office. Now such spaces are being sheetrocked and carpeted, and going for
$5 to $10 per square foot.
My landlords are a partnership. One of them is trying to retire. The
other just started a new venture that immediately failed. So, since the
building is worth ten times what they once paid for it, they're selling.
99% probability that the new owners will clear the building, remodel, and
raise the rents to 10 times their current level. And the zoning is such
that they could add a second level.
I've been losing money for a long time. I would keep going, anyway. But
there's just no way that I can rationalize moving AND continuing.
Therefore, after 22 years (12 in current location), XenoSoft is closing.
No idea how long before the landlords find a buyer; then I'll have 30
days.
"Greed"? "Capitalism"? It doesn't matter any more. Should I hate
my
landlords for it? I don't think so, and it's not worth it. I'm too busy
discarding all the stuff that represents that part of my life.
--
Grumpy Ol' Fred cisin(a)xenosoft.com