San Francisco Office Space - Is Elon Musk Coming in and Not Paying Rent?

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Shorenstein: Elon Musk is coming in and not paying rent does not help the situation for Shorenstein. The other employers in the Bay Area have also been letting go of a number of their workers, he says. "Tech workers are the biggest lease holders in San Francisco," Shorenstein says. Twitter has missed two months worth of rent on office space they're asking for $6 million.

Twitter has stopped paying its rent, auctioned off furniture and let go half of its employees. None of that is helping Shorenstein and JPMorgan refinance a $400 million loan on the company’s San Francisco headquarters. Deconstruct chats with TRD reporter Emily Landes about Twitter's fights at the building and how it's emblematic of the larger impact of tech's shakeup on the San Francisco Office Market.