Foodienomics

Maybe the Tech Boom Really Is Feeding the S.F. Restaurant Boom After All

Bar Agricole is among the restaurants cited as having benefited from the recent tech rebound.
Bar Agricole is among the restaurants cited as having benefited from the recent tech rebound. Photo: Brian Smeets/Grub Street

We knew there’d been a ton of new restaurant openings in the last two years, but we didn’t know there had been 300! The city’s chief economist, Ted Egan, tells the Chron that the boom in new bars and restaurants is being fed, in large part, by the rebound in the local economy coming from the tech sector. Companies like Twitter and Salesforce.com are snapping up office space and adding jobs, which in turn is fueling a rise in retail and restaurant lease rates. So, even if tech money isn’t necessarily directly affecting the quality of restaurants we’re getting, this earlier piece by 7x7 was clearly on to something when it comes to the dollars and cents of it all. [Chron, Earlier]

Maybe the Tech Boom Really Is Feeding the S.F. Restaurant Boom After All