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Tech drives San Francisco office-space market to record in 2018

from San Francisco Chronicle

San Francisco's market for office space set an all-time record in 2018, as companies struck deals for 11.9 million square feet — space for nearly 80,000 employees. New deals and lease renewals in 2018 surpassed the previous record of 11.8 million square feet leased in 2014, when Salesforce signed its landmark deal for Salesforce Tower, according to brokerage CBRE. This year, Salesforce grew again, leasing a proposed skyscraper near the tower as it became the city's largest private employer. It was joined by fellow tech giants Facebook, Google and Amazon, which all expanded downtown. more


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