Salesforce.com has decided not to develop their Mission Bay campus which will subsequently add approximately 2 million square feet of office demand to the City.
Landlords are pushing rents up as the demand is outpacing supply.
For more specific information, please see the S.F. Business Times' article this past week regarding the tech firms gobbling up space in the City.
Also of note, Zynga moved forward with their option to purchase 650 Townsend Street which signals further concern for tenants that ample space at reasonable rates is diminishing.
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