Berkeley's Office Space Crunch

Exploding rents in parts of the Bay Area are driving companies to Berkeley, CA, causing an office space shortage in the city.

1 minute read

February 15, 2001, 10:00 AM PST

By Abhijeet Chavan @http://twitter.com/legalaidtech

"Berkeley's commercial officemarket...[is] one of the tightest in the Bay Area. Vacancy rates in downtown Berkeley stood at 0.7 percent in the fourth quarter of 2000, down from 4.1 percent at the end of 1999. That'stighter than downtown Oakland...and evendowntown San Francisco. The high demand for space has pushed Berkeley office rents 50 percent higher than they were last year."

Thanks to Abhijeet Chavan

FULL STORY: No Place To Set Up Shop

Thursday, February 15, 2001 in The San Francisco Chronicle

Community / Economic Development California

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