Not really, when you think about the number of units in those buildings total (I'd guess a few thousand at most) versus the boom in Bay hiring.
I lived in NY before SF and at least subjectively, it feels like more new (incremental, not replacement) apartment units were put into say, Sixth Avenue between 23rd and 35th in the last decade than in all of San Francisco. (I'm guessing that is about ~3,000 units based on 10 blocks of ~40-story apartment buildings on two sides of the street.) SOMA lofts are nice but at only 3-4 stories high, they don't add a lot of units to the count.
SF is the second most densely populated city in the US behind NYC. If we need more housing, we need to build upwards.
I lived in NY before SF and at least subjectively, it feels like more new (incremental, not replacement) apartment units were put into say, Sixth Avenue between 23rd and 35th in the last decade than in all of San Francisco. (I'm guessing that is about ~3,000 units based on 10 blocks of ~40-story apartment buildings on two sides of the street.) SOMA lofts are nice but at only 3-4 stories high, they don't add a lot of units to the count.
SF is the second most densely populated city in the US behind NYC. If we need more housing, we need to build upwards.