Things are going great in San Francisco.

A recent study from The San Francisco Standard shows that from 2019 to May 2023, San Francisco witnessed a sharp decline in its retail landscape. In Union Square alone, the number of operating stores decreased from 207 to a mere 107 and now has a shocking 47% vacancy rate.

In addition to the shocking data on retail closures, San Francisco is also grappling with an unprecedented office vacancy crisis. The San Francisco Chronicle states that there are approximately 18.4 square feet of empty office space – representing one of the most severe vacancies ever recorded in the city.

The amount of vacant office space in SF was listed as being at 30 million square feet. So obviously local officials are cheering on Elon Musk’s announcement that Twitter will be leaving the city.

“I share the perspective that most San Franciscans have, which is good riddance,” said City Attorney David Chiu, who as a member of the city’s Board of Supervisors backed the tax break that lured Twitter to Mid-Market in 2012.

It’s all about the politics.

Twitter was welcome when it was leftist. Now that it’s more libertarian, it’s unwelcome.

Do most San Franciscans want fewer tax revenues? According to Chiu they do.