Q4 2018 San Francisco Market Report
Tech, tech and more tech! The industry’s appetite for the markets dwindling office supply posted record numbers throughout the year and left 2018 with rates at all time highs, vacancy at all time lows, and rent growth year-over-year of more than 10%. Don’t look for the slowdown to happen just yet – forecasts for 2019 remain strong, but the City isn’t likely to see a year quite like 2018 again in this extended cycle. Spillover to Oakland trickled out over the past 12 months, but the 4th quarter saw the Oakland CBD land their biggest fish since Uber barely touched the waters in 2015. Square signed a lease for all 380,000 rentable square feet at Uptown Station.