Q2 2019 San Francisco Occupiers Guide
The Bay Area real estate market’s crystal ball has spoken – and not to the good fortunes of San Francisco occupiers. Average rental rates are up 13% year-over-year and are anticipated to continue their climb through the 3rd and 4th quarters of 2019. The greater Bay Area’s unemployment rate remains steady – at ‘full-employment’, housing prices continue to soar, and the need to attract talent has pushed companies into new leases, across all space types, at rates not seen since ‘dot-com 1.0’ in the late ‘90s early ‘00s. Only time will tell if the crystal ball gets cloudy, but all indicators point to a clear rise through the end of the year.