JLL: Tenant Demand Shows Sings of Diversity in San Francisco

8.29.13.Chart of the Week

Even though technology is still the main driver of demand for office space in San Francisco, the exponential growth witnessed in the last year has begun to decelerate. At the same time, more traditional industries are beginning to recover and are showing signs of momentum amidst substantial cutbacks and downsizing in recent years.

Leasing activity in the first six months of 2013 on behalf of of technology tenants is down nearly 60% year over year, while leasing among professional services firms and law firms combined is up just over 60% compared to the same time last year.

West Coast Commercial Real Estate News