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Bay Area Tech Firms Now Control 103M SF

Influential tech companies have continued growth within the Bay Area at a rapid pace during the last decade so it is no surprise that the Bay Area likely will forever be the tech hub of the world.

Matt Chatham Chatham says firms having multi-market presence was previously an exception but is now the norm.

SAN FRANCISCO—This week, Cushman & Wakefield’s research team released a new infographic, The Great Tech Migration, offering some data points on tech expansion, and highlighting which markets are booming tech hubs and why. Since January 2010, 58 of the 89 Bay Area-headquartered tech and life science companies (100,000 square feet or more) have taken 30.4 million square feet of office space in other US cities.

While the footprint has expanded nationally, growth has nonetheless continued in the Bay Area. The same tech and life science companies committed to 55 million square feet and now control more than 103 million square feet of office and R&D space.

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Lisa Brown

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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