Tech Companies Move to the Tenderloin

It's no secret that the growth in technology business has boosted the San Francisco office market, but now that growth is spilling over into the Tenderloin. The area received it's first notable boost when Twitter Inc. announced plans to relocate its heardquarters. Now a quasigovernment agency known as California's State Compensation Insurance Fund is taking advantage of the surge in interest by planning to sell its 17-story former headquarters at 1275 Market St.

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Pittsburgh Proves Resilient

Considered at one time a dying steel town, Pittsburgh has turned into one of the mose resilient office rental markets in the U.S., prompting a flurry of building sales. CB Richard Ellis Inc, projects that office rents in Pittsburgh will rise an average of 7.5% this year, well above the 2% average for the top 52 office markets in the U.S. The vacany rate is also estimated to average about 10% compared with 16% nationally.

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Office Owners Race to Cash In

In some U.S. citites, owners of big-name office buildings are racing to put them up for sale in order to exploit surging prices. They are hoping to cash in on near-boom-era prices being paid by investors discouraged by the volatitlity of stocks and low interest rates in the bond market. The surge comes as the U.S. economy shows new signs of weakness.

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Signs of Recovery For Office Market

Subtle signs of recovery as the trophy office assets are moving. http://on.wsj.com/bt1dRz