There are more green shoots sprouting in downtown San Francisco, a place that really needs them.
VTS, which tracks demand by measuring tenants touring properties and looking for space in key US markets, reports that a spike in the number of businesses who are touring available space and negotiation leases is gaining momentum, according to a report in the San Francisco Business Times.
The volume of tenants in the market is up 10% year-over-year and 32% higher than the end of 2022. More impressive is the number of larger tenants looking for sizeable footprints in downtown San Francisco—the volume of square footage being toured is up 49% since the end of 2022, VTS reported.
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