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SF Office Market: 11M SF in the Pipeline

SAN FRANCISCO-Of the 23 projects in the pipeline, some 2.4 million sf are under construction and another 890,000 sf are entitled.

By Brian K. Miller | Updated on June 21, 2007

SAN FRANCISCO-There are approximately 23 office projects totaling 11 million sf in the city’s development pipeline, according to a new compilation by the local office of Jones Lang LaSalle. The total includes 2.4 million sf under construction; 890,000 sf that are entitled but not yet under construction; 2.67 million sf for which entitlements are being sought; and four projects totaling four million sf that are in earlier stages of development.

“The city does not publish a list of pending developments,” says JLL’s San Francisco managing director Chris Roeder. “We did some research ourselves to try to sort it out and see how the future development is affected by Proposition M.”

Established in 1986 to control economic growth and development, Prop M caps the amount of high-rise office development that can be approved for development at 875,000 sf per development year, which runs October through September. That means it would take eight years for all of the un-entitled projects in the development pipeline to be approved for development.

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