Good morning, Redwood City!
Today's top story is how rising vacancy rates are impacting our city. San Mateo County, particularly Redwood City, is grappling with economic challenges due to a shift towards remote work since the COVID-19 pandemic. Over 30,000 San Mateo County residents, or about 7.82%, now work from home, causing a significant increase in commercial and office space vacancies, reaching 25% in Redwood City, specifically. This situation has led to decreased property and sales tax revenues. Read more here.
Thank you to long-time reader (and contributor Gato K. Rivera) for his lovely photo of Pacific Pier taken in 2023. Have a photo to share? Send it to editor@rwcpulse.com