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S.F. Top U.S. City in World Office Rankings

SAN FRANCISCO - The city by the Bay jumps from 29th to ninth on the list of the priciest market in the world; it is the first time a North American city has ranked so high.

By David Scholz | Updated on August 09, 2000

For the first time in its history, San Francisco is one of the 10 most expensive office markets in the world, says a report released to GlobeSt.com today by CB Richard Ellis Global Research & Consulting, a business unit of CB Richard Ellis Services.

In the firm’s semi-annual Global 50 Index survey, San Francisco’s buoyant regional economy and skyrocketing technology sector growth pushed occupancy costs for office tenants to all-time highs in the last six months.

It also pushed the city from 29th to ninth on the list of the priciest market in the world. CB Richard Ellis officials said this is first time that a North American city has ranked in the top 10.

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