In previous years, many tenants from San Francisco fled to Oakland seeking lower rental rates.
Leases larger than 250,000 sq. ft. accounted for 17.5 percent of all leasing activity during the quarter.
Valuations for tech and sharing-economy companies like WeWork are highly inflated compared to traditional companies with similar revenue.
The $20 billion startup is making its move into children’s education, launching a private elementary school for “conscious entrepreneurship.”
The price tag attests to the demand from a new type of companies for urban space currently occupied by old world department stores.