Market Driven In Heated Way

SAN FRANCISCO—“It’s a massive understatement to say that the Bay Area office market is on fire.” That is according to Adam Hooper, CEO and founder of RealCrowd, based in Palo Alto, CA, who recently chatted with GlobeSt.com in preparation for the upcoming RealShare Bay Area conference, where he will serve as a panelist on the creative office panel.

“We’re seeing huge transactions by corporate users—Google having spent over half a billion dollars to acquire office properties in the last two years alone—a massive demand pipeline with over 6 million square feet reportedly active in the market, and a venture capital funding environment that has hit its highest quarterly investment amount since Q2’01,” he says. “This is all driving the market in a very heated way, and doesn’t appear to be showing any signs of slowing down.”