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Large Blocks of Space Locked up by Tenants

SAN FRANCISCO-Tech companies are expanding current space in San Francisco, a testament to the strength and appeal the city has as a 'competitive marketplace for businesses to flourish,' says a source.

By Natalie Dolce | Updated on December 14, 2012

SAN FRANCISCO-Following on from Twitter’s big announcement in 2011 that it was moving to Shorenstein Properties’ revamped Market Square, the San Francisco office market continued to see large blocks of space locked up by tenants in 2012. So says Julia Georgules, research manager of San Francisco at Jones Lang LaSalle. Many, but not all, of the companies securing big blocks of space were technology tenants, she says, and most “represented expansions of current space, a testament to the strength and appeal of San Francisco as a competitive marketplace for businesses to flourish.”

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