San Francisco East Bay Office Market Experienced a ‘Blip”

12th February, 2014 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments

The San Francisco East Bay office market is still lethargic with vacancy rates in the 10-16% range, but during the past week I experienced an upward ‘blip’ I have not seen since 2001 before the dotcom melt down –spaces toured a week prior where the listing agent honestly admitted activity was slow and there were no active prospects changed almost overnight. On behalf of different clients, when I submitted a leasing proposal I was told that within just a few days prior there were multiple tours and competing principals expected. No hype and just pertaining to smaller office sizes but nonetheless a noteworthy ‘blip’.

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