It’s hard to deny that the San Francisco Peninsula is in high demand. Any new space, regardless of its industry type, does not stay on the market for very long, especially spaces over 25,000 square feet. Throughout 2017, office space took only an average of 81 days to lease, while the research & development (R&D) sector remained on the market for an average of 75 days. As expected, industrial space was the most constrained industry on the San Francisco Peninsula with an average of 62 days on the market. Due to the increasing pressure from buyers wanting to get into this market, smaller users are forced to be more decisive, as space moves very quickly here.
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