Posted on April 4th, 2012 ยท Posted in Office Market

In a recent report covering first quarter performance of the nation’s office market, San Francisco led the nation in year-over-year rent growth at 10.8 percent. The relative strength of the market is important as rent will likely continue to increase meaning that companies with leases ending in the next 3-9 months need to start reviewing their options whether it’s moving to a new location or renewing in their existing space.

Q1 2012 marked the eighth straight quarter of positive absorption nationwide but total net absorption fell 6.1 million square feet compared to the last quarter of 2011. In net office demand, San Francisco was also among the top 10 cities in the US and the western United States as a whole led the nation in new net demand with 4 million square feet.

If you’d like to learn more about current market conditions, visit our office space page or speak with one of our agents directly at (415) 670-9144.

Source: CBS Marketwatch