July 2011 San Francisco Office Market Recap

Transamerica Horizontal

The market activity has increased dramatically in both sales and leasing categories during the month of July.  Clearly asking rents and taking rents are increasing in the leasing markets, with significant tenants taking down large chunks of space.  On the capital markets side, there appears still to be money to place as several well known buyers continue to pursue and purchase both vacant and fully leased assets.

Below you will find a list of links that point to the top stories of the month.  Dropbox has grown from roughly 11K sqft to lease 87,500 sqft at 185 Berry, the Transportation Commission appears to have chose 390 Main Street as its future home, Kilroy & Cornerstone have both purchased excellent office buildings, while AT&T, Demandforce, and Aecom have all signed new leases.

Enjoy the stories, and if you seek information more quickly you should follow me on Twitter @tomposerjll.

390 Main: Transportation commission picks San Francisco for new headquarters
(SF Biz Times, 07/28/2011)

Kennedy Wilson Signs Aecom to 54,300 SF at 300 California Street
(CoStar Group, 07/28/2011)

Cornerstone nabs old Twitter building for $70M
(SF Biz Times, 07/27/2011)

Dropbox Leases Giant New SF Office, Plans To Grow To 400+ Employees
(Techcrunch.com, 07/27/2011)

S.F.’s AAA site will rise again
(SF Biz Times, 07/22/2011)

Demandforce Takes More Space at Pacific Place
(CoStar Group, 07/14/2011)

AT&T Renews in South Financial District
(CoStar Group, 07/14/2011)

San Francisco Restarts Effort to Find Developer for Transbay Project
(CoStar Group, 07/14/2011)

Techies flock to former Academy of Sciences home
(SF Biz Times 07/08/2011)

Kilroy extends buying binge in San Francisco
(SF Biz Times, 07/08/2011)

Tower Plaza Trades for $15.5 Million
(CoStar Group, 07/07/2011)

San Francisco, tech lead national office rent rebound
(SF Biz Times, 07/07/2011)

Bechtel: San Francisco will remain our home
(SF Biz Times, 07/06/2011)

Zynga grabs more space at 650 Townsend
(SF Biz Times, 07/01/2011)

Twitter effect spurs Mid-Market buys
(SF Biz Times, 07/01/2011)

Salesforce picks HQ prep partner
(SF Biz Times, 07/01/2011)

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