San Francisco’s companies may be busy constructing the future, but they are doing so in an office market partly stuck in 1986.
That’s when Prop M came into effect. Driven by fears that San Francisco was in danger of “Manhattanization,” San Francisco voters were convinced to slap a permanent annual limit on office development of just under 1 million square feet.
A lot has happened in this city in the three decades since. Booms and busts came and went. Whole industries arrived, while others…
