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Election Could Free Up Office Space

SAN FRANCISCO-San Francisco's planning director says voter approval for revising the city's commercial construction limit may free as much as 1.75 million sf.

By Allison Landa | Updated on August 29, 2000

More than 1 million sf of San Francisco office space is tied up until Nov. 7, when voters decide whether to approve revising a proposition that limits commercial construction.

Under San Francisco’s Proposition M growth limit, commercial construction is restricted to an annual 875,000 sf. But according to published reports, city planning director Gerald Green has said that as much as 1.75 million sf of space might be freed up should one of two competing ballot measures to revise Proposition M get the green light.

Green was in meetings most of Monday and did not return phone calls from GlobeSt.com. Under current law, city planners will on Oct. 17 be able to begin another annual allocation of office space. That date is eagerly awaited by a set of developers with more than 3 million sf of proposed office projects.

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