clock menu more-arrow no yes

Filed under:

Office Price Surge

San Francisco office rates have soared by 14% this year compared to last with mega office leases such as Salesforce and LinkedIn driving prices higher. If rents keep rising at their current rates, San Francisco will move past Manhattan by 2015 to be the most expensive office market in the country. Although demand is high, lots of new buildings have come onto the market and so vacancy rates have remained the same as this time last year, at 7%. [SF Business Times]