A startling chart of the booms and busts of office space.

Tech investor Bill Gurley posted this striking graph on Twitter last night tracking the rise and fall of the NASDAQ Index alongside office building rental rates (in price per square foot) in the city that's been most closely linked to the booms and busts of the tech industry:

As Gurley suggests, you could probably draw similar correlations between the NASDAQ and plenty of other indicators in American life, from San Francisco or elsewhere. But this one chart neatly illustrates a trend that lately parallels what's happened to the city's residential real estate in the midst of a second tech boom.

About the Author

Most Popular

  1. Pittsburgh's skyline
    Equity

    Can a 'New Localism' Help Cities Transcend Gridlock?

    Bruce Katz and Jeremy Nowak talk about the model of collaborative urban leadership in their book The New Localism.

  2. Design

    Paris: 'Please Do Not Give Us This Free Jeff Koons Sculpture'

    Wrong art, wrong location, say critics.

  3. Transportation

    The Automotive Liberation of Paris

    The city has waged a remarkably successful effort to get cars off its streets and reclaim walkable space. But it didn’t happen overnight.

  4. Equity

    Where Amazon HQ2 Could Worsen Affordability the Most

    Some of the cities dubbed finalists in Amazon’s headquarters search are likely to see a greater strain on their housing market, a new analysis finds.

  5. Orange traffic cones save parking spaces on a neighborhood street in South Boston.
    Life

    The Psychology of Boston's Snow Parking Wars

    In Boston, Chicago, and Philadelphia, an informal code allows residents to claim a parking space after shoveling it out. But the practice is often at odds both with the law and with the mores of changing neighborhoods.