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Possibilities Vary for Bay Area Real Estate Market in Coming Years

BERKELEY, CA-Rosen Consulting Group examines more than 850 leases and surveys companies representing 45,000 employees and 16 million sf of space to come up with a couple of different possibilities for vacancies and rates through 2005.

By Becky Bergman | Updated on January 26, 2001

BERKELEY, CA-The Rosen Consulting Group has a few ideas about the future of the Bay Area real estate market. After examining more than 850 leases and surveying companies representing 45,000 employees and 16 million sf of space, they’ve figured out a couple of different scenarios for how the economy’s slowdown could play out.

The data analyzed by Rosen principals Amanda Howard and Kenneth Rosen in “The Tech Slowdown: Implications for the Bay Area Office Market” shows Web firms and high-risk technology companies accounted for more than 50% of the leases signed in Silicon Valley and San Francisco during the past 18 months.

The big companies are paying $80 per sf in San Francisco and upwards of $65 per sf in Silicon Valley, while many of the smaller companies are moving to the Oakland and Pleasanton areas, where rents can be had for around $40 per sf and $45 per sf, respectively.

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