This will (proportionately)happen to downtown Palo Alto when Palantir moves out, though that will probably be good for downtown. They had too large a percentage of the available real estate.
The city council ought to find a way to stop this kind of monoculture though I’m not sure how it could reasonably be done.
Good idea, but not permitted under california constitution.
Also Palantir is renting so the basis would presumably be set by the landlord’s overall bill. Have to say that that’s not itself bad: a small number of entities own a lot of the commercial real estate in the city.
The city council ought to find a way to stop this kind of monoculture though I’m not sure how it could reasonably be done.