Your Commercial Real Estate Source in the San Francisco Bay Area
San Francisco Office has been red hot with rates continuing their upward climb. This ripple effect is starting to make its way down the Peninsula. Here’s an excerpt from the report:
The San Francisco office market continues to attract tenants from across a wide spectrum of industries around the globe. After a slow start, the San Francisco leasing market roared back in the third quarter of the year. This surge in leasing activity coincides with multiple Financial District office buildings that are currently on the block for sale. The technology sector remains the engine driving demand in the office market, but professional service firms are continuing to lease space throughout the city. With major tenants still in the market taking space, we expect high leasing activity to continue through the end of the year.
Read the entire report: office-market-research-san-francisco-2013-3q.