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> For almost as long as we’ve been tracking the COVID-19 pandemic, sf.citi has been closely monitoring the San Francisco tech exodus

They say 63 percent of tech companies surveyed have already downsized or plan to downsize their office space in the San Francisco Bay Area. This is to be expected in a work-from-home situation like the ongoing pandemic. I don't see anything about the percentage of it being permanent rather than temporary.

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I took the pie chart next to the 63% one to be about the long term. So about half fully remote or substantially remote.

I am actually more surprised that 40% decided not to downsize given the WFH model that is popular now

One thing you're not accounting for is that companies normally plan for growth--whether or not that ends up happening. I expect a lot of companies that were likely exploring real estate expansion pre-pandemic have stomped on the brakes and will wait and see. So they may or may not downsize but they probably won't expand like they normally would have.

Downsizing is usually complicated and can be expensive and/or distracting.

Particularly if you don't think it will last long, I can see a bunch of companies taking a wait-and-see approach.

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