CBRE: prime office occupancy costs in San Francisco rise by 9.0% in year to September 2015

Realopedia Global Real Estate Portal

In its latest review of global prime occupancy costs, ‘Office space gets pricier as global economy edges up’, CBRE noted that San Francisco (Peninsula) was in 9th position in its ranking of centres by increases in local currency occupancy costs. Occupancy costs in San Francisco (Peninsula) increased by 9.0%. With September 2015 occupancy costs of US$93.02 per square foot per annum, San Francisco (Peninsula) was by that measure the 19th most expensive centre overall. San Francisco (Peninsula) rose by 10 places in CBRE’s ranking of the most expensive centres over the six months to September 2015.

Source : CBRE/ February 2016/San Francisco/OFF