Ostensibly, this is good as it means cheap office space.<p>There's a catch though... have any of you folks actually seen these buildings? They're not exactly in nice neighborhoods (I actually used to work next to one of these). Most of them are over the 101 which means it'll be a 15-20 minute drive to downtown for food. While it's true that Google is also past the 101, they can also afford to hire their own chefs. An apartment off of San Antonio/University/MenloAve/Castro/etc. seems preferable.<p>The other bit of trouble is that they're all large office buildings. Are they set up so that they can be rented out by a small shop? I'm pointing at the Yahoo campus buildings in particular.
High vacancy in a central location means cheap rents that facilitate face to face interaction. Perhaps there is room for a half dozen different kinds of co-working / hacker dojo spaces that can now afford to come into existence.
I can't recommend <a href="http://burbed.com" rel="nofollow">http://burbed.com</a> enough for people around here for some good perspective on Silicon Valley real estate.