Your Commercial Real Estate Source in the San Francisco Bay Area
As promised, here is the Third Quarter Office Report for the San Francisco Peninsula Market:
The San Mateo County office market finished the third quarter with a net absorption of 1,061,365 total square feet, marking the third consecutive quarter with positive absorption this year on the Peninsula. The average asking rental rate increased slightly over that of the previous quarter, to a monthly $2.71/ square foot, full service. With venture capital increasing within the region, sectors such as e-commerce, gaming, technology, and bio-technology have added employees throughout San Mateo County, stimulating a steady increase in market activity. Expansion by Google in Mountain View and strong demand in Palo Alto have pushed many existing tenants to northern and southern submarkets.
Read the entire report: office-market-research-peninsula-2011-3q