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Large leasing activity dominated by expansions and relocations

•San Francisco has seen more transactions over 80,000 square feet this cycle than any previous — 37 in the past three years — the  majority of which (76 percent) were expansions and relocations.

•Recent large leasing activity has an average signing date 47.5 months prior to their current lease expiration for expanding and relocating companies, 86 percent of which were technology tenants, demonstrating the rapid pace at which these companies have out grown their space.

•Contrary, renewals over 80,000 square feet since 2014 averaged 17.4 months prior to expiration, only one of which was a tech company (44 percent were FIRE tenants, 22 percent were Legal Firms, and  22 percent were Other).

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