Resilient tech demand persists

 In CBRE Research Reports
  • San Diego tech sectors of robotics, drone, MedTech, CleanTech, gaming and software continue to expand their footprint.
  • Several media companies are expanding in Santa Monica and positive absorption in Los Angeles is continuing to drive up rental rates.
  • Sublease availability in Silicon Valley is rising due to increased M&A activity and “rightsizing” of larger tenants while demand for space under 20,000 sq. ft. remains very active.
  • Stable market conditions supported by resilient tenant demand in San Francisco is keeping rents and vacancy flat.
  • Nearly 1.5 million sq. ft. is under construction or renovation in Portland.
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Tech company leasing activity increased slightly to 7.2 million sq. ft. as sentiment for further growth in the industry continues. Other fundamentals remain on track with venture capitalists funding $14.3 billion to private companies during the first quarter and the industry adding 70,500 jobs.

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