I’d imagine this is likely a factor in the decision.
I know for a while they were waiving some of these taxes for companies who set up offices in certain parts of the city. E.g. zendesk got a big tax break for its market street location near the tenderloin.
As for commutes, I’d be pretty curious to know how many folks who work at Twitter actually show up to their offices every day, especially in eng roles. Even with a return to office mandate I can’t imagine this not becoming more hybrid over time (of course I’ve never worked for musk or his managers — but I’d assume that if folks are high output he would not care how often they were in the office).
Even commuting within sf can be kind of a pain it took our folks 50 minutes from both areas in the mission and Menlo Park to get to an office in South Park.
I’d be curious to know:
- how folks who work at X think about this move?
- how much remote work will be allowed?
- tax savings.
- lease savings.
I’d bet getting rid of sf tax nexus was a key piece of the reason.