X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SAN FRANCISCO–San Francisco’s office vacancy rate has plummeted to single digits as tech firms have gobbled up available real estate, according to Socketsite. The problem is only expected to get worse, despite a wave of new commercial construction slated for completion in late 2015. Most of this space is already preleased by tech’s biggest companies in off-market transactions.

GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now

Copyright © 2018 ALM Media Properties, LLC. All Rights Reserved.