The tech industry has had a significant impact on the San Francisco real estate market. The influx of tech companies and their employees has driven up housing demand and prices in the city. This has led to gentrification in many neighborhoods, as well as increased competition for limited housing stock.

For example, companies like Google, Facebook, and Twitter have all expanded their presence in San Francisco, leading to a surge in high-income tech workers looking for housing in the city. This has contributed to rising home prices and rental rates, making it increasingly difficult for lower-income residents to afford to live in San Francisco.

Furthermore, the demand for commercial real estate has also increased as tech companies look to establish offices and headquarters in the city. This has led to the development of new office buildings and the repurposing of existing spaces, further impacting the real estate landscape.

References:

• San Francisco Chronicle - SF's tech boom driven by office space
• Forbes - How the Tech Industry Drives San Francisco's Real Estate Market