Report | San Francisco Mid-Peninsula Office Insight - Q4 2015
New development is likely to come soon as market-wide rents continue to increase, but vacancy rates continue to fall in the Mid-Peninsula—for now—with a number of recent large block deals that have scooped up valuable Class A assets.
With these ever tightening conditions, local city officials remain concerned that future office construction could cause significant infrastructure problems and some have even proposed alternate plans that would limit the amount of office-only space.
We see tenants likely moving north toward softer submarkets of the Mid-Peninsula—away from hot submarkets like Redwood City and San Mateo—to avoid any further spikes in rent growth.
Learn more about what’s happening—and what we expect to occur in the coming months—across the San Francisco Mid-Peninsula office market in our Q4 US Office Insight.
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