November 13, 2015
Plenty of observers of the Bay Area’s commercial real estate industry have wondered how long the office industry there could remain so strong.
Recent reports might show evidence that a slowdown could be starting. Dropbox has announced it is divesting itself of 200,000 square feet at its headquarters at 185 Berry St., in San Francisco’s China Basin area.
Dropbox is not the only tech firm that is subleasing in the city. Twitter, Lyft and Rocket Fuel are doing following suit. Reports say there is approximately two million square feet of office sublease space available in San Francisco right now.
Even with the reported slowdown, real estate professionals still see a healthy demand for San Francisco office space, albeit with some caution. The question, they say, is whether or not startups will be able to fill up the available subleased space.