Don't fret: 5 reasons San Francisco companies are dumping office space
June 8, 2015 • Source: http://www.bizjournals.com/sanfrancisco/morning_call/2015/06/5-reasons-sf-companies-sublease-office-space-cre.html?ana=e_bay_real&s=newsletter&ed=2015-06-09&u=XXg9cwOj7oqJSUROLq+V8A03fece74&t=1433872109 • Posted in: Market News
The sizzling San Francisco office market may have gotten some cold water sprinkled on it, now that the amount of space for sublease has hit a five-year high. Some office market observers have said this could be a signal that the office market may be cooling off possibly a leading indicator that technology companies are getting too ambitious with their space needs.
But real estate brokerages have sprung to the market's defense, arguing that the sublease trend is a positive sign. Subleases loosen the market, which makes it healthier, and give startups in need of quick space the opportunity to stay in San Francisco, they say.
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