Gallen.Neilly
After several years in which Houston and Dallas seemed to capture the lions share of growth in the U.S. office sector, tenants soaked up space and pressured down vacancy rates not just in those two markets, but in markets across the nation during the second quarter. San Francisco remains a high-growth economy with the booming technology industry driving the market out of a recession and into an expansionary cycle that has led to significant vacancy depletion, investment sales activity, and speculative developments.
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