Tech firms making S.F. new home
Tech firms making S.F. new home
The technology industry is playing the white knight of San Francisco's struggling office market, as startups and growing companies ink deals and scour the market for space emptied out by the financial meltdown.
Many of the tenants are swelling homegrown businesses like Twitter, while others are relocating from Silicon Valley or outside the Bay Area. As of June 15, 83 technology companies were in the market, seeking 1.5 million square feet of space, up 51 percent since the financial crash in fall 2008, according to brokerage firm Jones Lang LaSalle, which regularly tracks the market.