Business Services Industry
Economic news for San Francisco area.(NORTHERN CALIF.)
Kiplinger California Letter, The, October, 2004
Add another setback for San Jose's economy: The hockey strike. The Sharks of the National Hockey League are an important draw in a city without a big-time baseball, football or basketball team. Restaurants near the HP Pavilion are suffering from the absence of fans.
SRI International plans an overhaul of its Menlo Park campus. Most of the 40 buildings on its 63 acres will be renovated or replaced.
Office rents are finally climbing in S.F., though just barely. As rents rose 1% in the third quarter, vacancies slipped from 24% to 21%.
Cruise ships are helping S.F. tourism. The number of visitors boarding or departing cruise ships in S.F. will reach 200,000 this year, up 46% from the year before. In 2005, it is expected to rise to 225,000.
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