Is there a premium for Jackson Square brick and beam buildings in San Francisco?
The Jackson Square submarket boosts one of the lowest vacancy rates in San Francisco.
March 02, 2020
- The historic nature of these neighborhoods, brick and timber, and creative office spaces have come to attract some of the world’s top venture capital firms, technology startups, and private equity firms.
- Traditionally a market for law firms, architects, marketing, advertising, and other professional business services, this area has been rebranded Sand Hill Road North.
- In the past five years, rents in brick and beam buildings have grown 32%, compared to 19% submarket-wide.
- This new vibrant environment, brought about by an influx of amenities, retail, new tenants, and foot traffic, have translated into additional realized increases in rents and property values.
Source: JLL Research