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office leasing Tech tenants continue to dominate space requirements in Silicon Valley at 78.1% of all leasing commitments.

SAN JOSE—With $133 billion in venture funding, it is no surprise that tech companies were the largest lessors of US office space in 2018, accounting for more than a quarter (25.7%) of the 311.9 million square feet of new leases signed, according to Cushman & Wakefield’s spotlight on tech leasing report. Specifically, the tech sector is dominating the leasing markets in these metros: Silicon Valley at 78.1%, Salt Lake City at 66.4% (a surprising number two) and Greater San Francisco at 60.9%.

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Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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