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wheel media Blog San Francisco Bay area Edition San Francisco Bay area Edition

San Francisco Sees a 27 Percent Rise in Office Space Rent

San Francisco office rental space rose 27% in the fourth quarter, compared to January of 2012. This marks the 11th consecutive quarter of growth, as the tech sector continues to be the driving force behind rising rent costs.

This quarter’s average rent was $48.83 per square foot, up 5.9% from the third quarter. This is a promising sign that the economy is on the rise again and trends will continued to be monitored closely.

With 762 comments | Categories: San Francisco Bay Area News

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