SAN FRANCISCO—Tightening Bay Area markets including downtown San Francisco, Oakland, and the Silicon Valley figure heavily in a recent office occupancy survey from commercial real estate services firm Cushman & Wakefield.
The nation's CBD and suburban office markets at the end of the third quarter remained on pace to achieve their lowest vacancy rates and highest occupancy gains in more than years. The company's latest research findings, released Thursday, show CBD growth slightly outpacing that of the suburbs, as measured by absorption and leasing as a percentage of inventory.
New York's Midtown South and San Francisco posted the lowest CBD vacancy rates, at 8.5% and 8.6%, respectively.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
