US Commercial Property
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Tech sector to drive San Francisco office rental growth

Rapid employment growth in the technology and information industries has been behind a surge in demand for office space in San Francisco. Even if this growth were to slow somewhat, we expect absorption to exceed new supply over the next three years, causing vacancy to fall. This will exert strong upward pressure on rental values, driving them a total of 15% higher by the end of 2022.
Kiran Raichura Senior Property Economist
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