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Office construction across the West Coast reaches 31.4 million square feet

  • San Francisco represents 21.1 percent of all office construction currently underway across West Coast markets, second to Seattle-Bellevue, which leads the pack at 28.3 percent.
  • Four buildings will deliver totaling 2.3 million square feet before year end 2017, with an additional 2.7 million square feet coming online in 2018.
  • New product is attracting demand, with 60.0 percent of 2017 deliveries spoken for while 42.0 percent of 2018 deliveries have commitments. Absorption levels will increase during the next several quarters as tenants begin to occupy the new space, but vacancy should also increase because of remaining availabilities on new construction.

Source: JLL Research



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