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San Francisco – Oakland – Hayward ranks second amongst major West Coast Metro Areas for Real Estate Employees per Capita/1165/san-francisco-9-17-18-hayward-ranks-second<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/people-crowd-chaos.jpg?RenditionID=6" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/1165/san-francisco-9-17-18-hayward-ranks-secondSan Francisco – Oakland – Hayward ranks second amongst major West Coast Metro Areas for Real Estate Employees per CapitaThe San Francisco – Oakland – Hayward Metropolitan Statistical Area (MSA) is home to 71,146 real estate employees (defined by the Department of Labor Statistics as rent/leasing occupations).
WeWork continues rapid pace of growth/1133/san-francisco-9-4-18-wework-growth<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/office-people-sitting-table-birdseye-view.jpg?RenditionID=6" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/1133/san-francisco-9-4-18-wework-growthWeWork continues rapid pace of growthWeWork continues to expand its presence in San Francisco, most recently leasing 17,500 square feet at 800 Market, its smallest local footprint to date.
San Francisco suffers shortage of large blocks due to strong tenant demand./1120/san-francisco-8-20-18-shortage-of-large-blocks<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/construction-cranes-high-rise.jpg?RenditionID=6" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/1120/san-francisco-8-20-18-shortage-of-large-blocksSan Francisco suffers shortage of large blocks due to strong tenant demand.As of July 2018, there are 47 total blocks greater than 30,000 sf listed as available. 40 are direct and 7 are sublease.
Industrial demand unfazed by tight market conditions/1079/north-bay-8-6-18-industrial-demand<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/construction-men-wearing-reflective-orange.jpg?RenditionID=6" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/1079/north-bay-8-6-18-industrial-demandIndustrial demand unfazed by tight market conditions Industrial demand in the North Bay has not been affected by tight market conditions and high asking rates.
Bay area inflation eats into wage growth/1057/bay-area-7-30-18-inflation-eats-into-wage-growth<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/people-conference-office.jpg?RenditionID=6" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/1057/bay-area-7-30-18-inflation-eats-into-wage-growthBay area inflation eats into wage growthGiven the strong Bay Area economy, inflation has been heating up. In June 2018, inflation was at 3.9 percent, well above the national average of 2.9 percent.
South Financial District sees highest leasing velocity in the second quarter/1068/san-francisco-7-30-18-highest-leasing-in-second-quarter<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/building-australia-sky-looking-up.jpg?RenditionID=6" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/1068/san-francisco-7-30-18-highest-leasing-in-second-quarterSouth Financial District sees highest leasing velocity in the second quarterThe second quarter saw 2.8 million square feet of leases signed. The South Financial District accounted for 42 percent of leasing activity by volume, significantly higher than the second strongest submarket, the North Financial District which represented 24 percent of activity.