I didn't say that live/work lofts were created from industrial space. I said I live in an older, non-industrial property in SOMA, and that there are/were many examples of same. And while the live/work legislation was a compromise to
allow rezoning of industrial space, that
is not the same thing as saying that live/work lofts replaced only industrial spaces. That's not true.
Two seconds of google:
http://www.sfgate.com/news/article/PAGE-ONE-Loft-War-Raging-...
"At Shift Media Inc., a small but prosperous firm on Bryant Street in the Mission, half a dozen employees work in a high-tech bunker developing Web sites for some of the nation's biggest companies. Another 20 businesses with 50 more workers share the building....Late last year, a new owner bought all the buildings on the block. The tenants in one were evicted so that it could be converted to lofts."
My point is -- and always was -- that the "build up" mantra was heeded in the late 90s, and developers used the new leniency not to build housing for artists and low-income people, but to build offices and luxury housing. This will happen again.