SFCED | San Francisco Center for Economic Development

Tech’s Dominance in San Francisco Office Market Grows Further

It’s no secret that tech leasing is driving San Francisco’s office market, but exactly how much?

At the end of last year, San Francisco was home to more than 53,000 tech jobs— a number that has grown significantly in recent years and is expected to keep growing.

What that means for real estate is that of the close to 3 million square feet of office space under construction,100 percent of the tenants pre-leasing space in forthcoming buildings are tech companies according to data crunched by Cushman & Wakefield.

So far, those firms snatched up 70.1 percent or about 2.2 million square feet of the space under construction.

Read more: San Francisco Business Times Tech’s dominance in San Francisco office market grows further