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Strong momentum in lab space demand is changing direction for new development/101/san-francisco-mid-peninsula-lab-space-demand-3-13-2017<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/building-office-interior-retail.jpg" width="120" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/101/san-francisco-mid-peninsula-lab-space-demand-3-13-2017Strong momentum in lab space demand is changing direction for new developmentProjects in the development pipeline that initially targeted office tenants are increasingly adapting to include those with lab space needs as the office market starts to cool down after a high positive growth period during the past three years.
Software engineering salaries among highest, but what do you have to pay to live in the Bay Area? /45/san-francisco-bay-area-bay-area-cost-of-living<img alt="" height="63" src="/united-states/en-us/PublishingImages/Snapshots/building-in-the-park-gardens-by-the-bay-singapore-jll.jpg" width="120" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/45/san-francisco-bay-area-bay-area-cost-of-livingSoftware engineering salaries among highest, but what do you have to pay to live in the Bay Area? ​Blocks of available Class A space between 20,000 to 29,999 square feet have jumped over the past year.
Increase in availability in large blocks of space brings relief for office/lab tenants, not industrial/53/san-francisco-mid-peninsula-large-block<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/abstract-modern%20architecture-close-up.jpg" width="120" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/53/san-francisco-mid-peninsula-large-blockIncrease in availability in large blocks of space brings relief for office/lab tenants, not industrialScarce existing industrial space available over 50,000 square feet keeps pressure on rents amid zero development projects for this type of product.
Over 6 million square-feet of excess industrial demand targeting Northern California/59/northern-california-indusrial-demand<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/induistrial-crane-against-modern-buildings-under-construction-at-dusk-jll.jpg" width="120" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/59/northern-california-indusrial-demandOver 6 million square-feet of excess industrial demand targeting Northern CaliforniaCurrently, an estimated 36.5 million square-feet of tenant demand is targeting Northern California.
Volume of large block availability grows; demand holding steady with fewer big fish/31/silicon-valley-large-blocks-growing<img alt="" height="63" src="/united-states/en-us/PublishingImages/Snapshots/abstract-red-panel.jpg" width="120" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/31/silicon-valley-large-blocks-growingVolume of large block availability grows; demand holding steady with fewer big fishThe volume of blocks of space greater than 100,000 square feet have risen 39 percent over the past 6 months.