Photo by Shutterstock
NEW YORK—San Francisco has been a valued marketplace for many different asset types—just not so much industrial. Yet, as Newmark Knight Frank noted in a new report, that is rapidly changing.
Demand for Class A industrial space in the metro area has skyrocketed over the past three years, growing from fewer than 50,000 square feet of requirements in the market at the start of 2017 to more than 1.7 million square feet of requirements by the end of 2019, it said. In addition, over the past three years, asking rents for Class A industrial space have grown 35.9%. The market has responded, according to NKF: 1.1 million square feet of Class A industrial space has been developed or renovated in that time, and another 1 million square feet is proposed over the next three years.
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
