Report | San Francisco Banking Outlook - 2015
San Francisco’s economy continues to expand along with the technology sector, but activity among banking and financial services has remained stagnant since the recession. However, most industry players still prefer to house operations in the Class A CBD market, which has some of the highest rents in the country. As a result, many large banks are looking for ways to trim real estate costs. Some have cut operations and staff, others have optimized use of existing space, and some have shifted back-office operations to lower-cost offices outside the CBD and into the East Bay.See what’s going on in the San Francisco Banking and Financial Services industry, top trends in the market, and what we expect to see in the coming year.
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