Editor,
In his article “Commercial rent jumps” in the Monday, July 16, edition of the Daily Journal, reporter Austin Walsh said office rent space on the Peninsula spanning from Daly City through Palo Alto reached $5.95 per square foot at the end of June. This happens because businesses want to be in the area close to the city and airport.
We can build new offices south of Morgan Hill and Gilroy to allow many businesses to use them because when rent jumps up, the cost will be higher and reduces the profit, leading to high unemployment. High unemployment will occur because employees will ask for higher salaries because the rent and living expenditures in this area are very high.
The area from Daly City to Palo Alto is already very crowded and has high traffic. So, we should work to have new buildings available for the businesses in the area and also new buildings available for the employees.
Such new vacancies will help reduce the unemployment and at least keep the rent stable in the area which will also help to increase the demand in other areas as well. That will help generate more income taxes and corporation taxes as well.
Raouf Eskandar
Hayward
Please purchase a Premium Subscription to continue reading.
To continue, please log in, or sign up for a new account.
We offer one free story view per month. If you register for an account, you will get two additional story views. After those three total views, we ask that you support us with a subscription.
A subscription to our digital content is so much more than just access to our valuable content. It means you’re helping to support a local community institution that has, from its very start, supported the betterment of our society. Thank you very much!
Only subscribers can view and post comments on articles.
Already a subscriber? Login Here
Sorry, an error occurred.
Already Subscribed!
Cancel anytime
Thank you .
Your account has been registered, and you are now logged in.
Check your email for details.
Submitting this form below will send a message to your email with a link to change your password.
An email message containing instructions on how to reset your password has been sent to the email address listed on your account.
No promotional rates found.
Secure & Encrypted
Thank you.
Your gift purchase was successful! Your purchase was successful, and you are now logged in.
| Rate: | |
| Begins: | |
| Transaction ID: |
A receipt was sent to your email.
(0) comments
Welcome to the discussion.
Log In
Keep the discussion civilized. Absolutely NO personal attacks or insults directed toward writers, nor others who make comments.
Keep it clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
Don't threaten. Threats of harming another person will not be tolerated.
Be truthful. Don't knowingly lie about anyone or anything.
Be proactive. Use the 'Report' link on each comment to let us know of abusive posts.
PLEASE TURN OFF YOUR CAPS LOCK.
Anyone violating these rules will be issued a warning. After the warning, comment privileges can be revoked.