Just like nearly every other part of California, San Francisco is a pricey place to live with housing prices rivaling New York City and far exceeding Los Angeles. Doing business there is no different. Because of high real estate prices, few businesses could ever hope to buy property. That just makes commercial leasing even more lucrative for landlords and more costly than necessary for business tenants. Add to that the challenging economy – and you have a Fisherman’s Warf whale of a hard time trying to make ends meet, let alone turn a profit.
That being the case, just imagine what it is like for a new or growing business! It is so easy to outgrow space these days – even in a down economy. In fact, because businesses are more likely to rent as little space as possible – especially given the prices in San Francisco – it is easier than ever to do just that.
So how does a small business or entrepreneur manage to impress a client in such an expensive place? I know what I would do. Book a meeting room! It is unbelievable, but Davinci offers rooms for as little as $12.50 an hour. For San Francisco, that is darn right incredible.
Small businesses often get frustrated by the red tape they must deal with on a regular basis. Not to mention the outrageous taxes. It is a wonder how independent coffee shops, restaurants, and retail boutiques stay in business at all. Maybe that’s why they charge $150 for a half hour massage!
As lovely as the city by the bay is, many small businesses are wondering if it is worth it to even try to do business there. Unfortunately, the city is ill-equipped to accommodate entrepreneurs, unless you have a cash cow the size of Ferry Building Marketplace. The average cost of a hotel room in San Francisco is around $300 a night on the cheap end. Not that it is suitable to have a meeting in a hotel room, but that should give you an idea of what to expect if you need to travel there from out of town.
With those types of charges for a hotel room – it is no surprise then that a hotel meeting space can cost in the thousands. Thank goodness for Davinci meeting rooms. Otherwise, I’m not sure I’d be able to take meetings there at all.