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San Francisco saw more than 150,000 square feet of positive net absorption in Q1 2016, and further net absorption is expected into 2016 which should drive down vacancies and limit large block availabilities. Sublease space is growing however, with more than 2.3 million square feet now on the market. That's a 14.0 percent increase since last quarter.
Park Tower at Transbay will rise to a height of 605 feet and include 43 floors, 124 parking spaces, and over 751,500 rentable square feet of Class A++ office space and 10,000 square feet of high-end retail space.
Find out what's happening in the local commercial real estate world with the latest trends, events, developments and transactions across the Bay Area.
This plan is set to significantly expand the amount of potential development for residential, commercial and office development in this technology-driven submarket.
Regardless of the type of space you're looking for, we've got something that will meet your needs. With rent price levels high across the Bay Area, you need an expert you can trust to secure you the best deal.