WeWork's leasefor 250,000+ square feet at 430 California made it the largestco-working location.
SAN FRANCISCO—Co-working has, of course, changed the globallandscape of commercial real estate. The sector has grownsignificantly during the past few years, especially in major techcities such as San Francisco, according to a recent co-working report by Cushman & Wakefield.
“Co-working operators control approximately 3 million squarefeet of office space in San Francisco,” Derek Daniels, associatedirector of research for Cushman & Wakefield tells GlobeSt.com.“At 3.5% of total office inventory, that is a significant figureand proportionally in line with other major gateway markets likeManhattan. San Francisco's co-working sector has recorded explosivegrowth since 2017. So far this year, there have been six new leasessigned larger than 10,000 square feet and there are a handful ofco-working companies actively looking for more space.”
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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.
