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Latest to Be Displaced in San Francisco’s Tech Boom: Art Galleries
    Tuesday, 25 February 2014 /// Written by Trippe

SAN FRANCISCO BUMMER-TOWN --- The impact of the technology business on soaring residential real estate prices in San Francisco has gotten lots of attention during the past year. But the tech boom also is one factor driving a sharp rise in commercial real estate in the city and, now, is displacing a handful of long-established downtown art galleries.

Is San Francisco losing its soul? <-- via The Guardian

77 Geary Street, home of several art galleries displaced by a technology firm.

Several galleries on the second floor of 77 Geary St. were notified in January they'd have to leave space some of them have occupied for decades to make room for a tech tenant.

Trish Bransten, director of the Rena Bransten Gallery, said the galleries got an eviction notice effective Valentine's Day. The reason: the software and consulting firm Mulesoft, which began renting space in the building several years ago, is taking over the whole floor. Bransten says Mulesoft is offering more than double the rent for her space, which the gallery has occupied for 27 years. -CONTINUE READING

 

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