Sunday, April 15, 2012
Surviving The Scramble For San Francisco Office Space
The residential real estate bubble isn?t the only real estate challenge facing startups in Silicon Valley. Office space within the city limits is becoming more scarce by the day as tech companies continue their aggressive growth. Relief is on the way, but it isn?t an instant solution. The San Francisco Giants announced a $1.6 billion plan last week that would add 1000 rental units and 1.7 million feet of office space in the 27 acres that is currently being used as their parking lot. That?s wonderful, but construction won?t begin until 2015 and the estimated completion date is 2021.