CBRE'sColin Yasukochi says San Francisco is an ideal place to develop andtest its market potential.
SAN FRANCISCO—A new CBRE report ranks San Francisco thefastest-growing tech market with overall rent growth of 17.5%between second quarters 2017 and 2019. The company's annual Tech 30report measures the tech industry's impact on office rents in the30 leading technology markets in the US and Canada.
"The North American tech industry has diversified its economicbase as it has grown, expanding its presence in many Tech 30markets," said Colin Yasukochi, executive director of research forCBRE's Tech and Media Insights Center and co-author of the report."Meanwhile, large tech companies have been an ongoing source ofdemand. The 10 most active tech companies leasing office spacesince 2013 account for 27% of overall tech-industry leasing."
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
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.
