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Town Square

are there too many high-paying jobs in Palo Alto?

Original post made by jobs, Old Palo Alto, on Jun 23, 2012

Interesting article in Techcrunch about how profitable companies want to open offices in Palo Alto, but they can't because there is not enough office space.

Web Link

The article is not just talking about Facebook. There is a long list of other companies who are going elsewhere because of there is no space in Palo Alto.

Is this a problem with the city government not approving enough building permits? Or is kicking these companies out of town good for the city? More jobs does mean more traffic, more demand for housing, more customers for local businesses, etc.

Comments

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Posted by Very Interesting
a resident of Another Palo Alto neighborhood
on Jun 24, 2012 at 2:38 pm

There is a divide here. If your employees are young singles, yes SF is the place to locate - SF is fun!!!

If your employees are marrieds with young children, they want Silicon Valley because Palo Alto and Cupertino schools are the best.

Maybe what is happening is the reason Caltrains is so crowded. Employees live here in the Valley so their kids can benefit from the good schools but they must now work in SF because that's where the vacancy rate for commercial leasing is available.