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Office Squeeze

All of the office space planned for development over the next two years could be snapped up in the next six months, according to a panel of experts at a Building Owners and Managers Association event last week. There is currently 4 million square feet under construction, with 1.4 million already leased and another 1 million potentially about to be taken in the next month or two. The flow of venture capital money into San Francisco-based companies and the rise of billion-dollar companies is fueling the rush for space. [Bisnow]