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Office Fee Hikes In San Francisco

Oct 9, 2019 | Posted by Jeff Weil | Office Space |

What was that old saying regarding killing the golden goose that laid the golden eggs? Sure you get one solid gold geese feast but that is it for a future supply of golden eggs! The San Francisco Planning Commission just okayed a plan to raise office fees by 143%! Fees would go from $69.90 per square foot to $78.57 per square foot. The fee would generate funding for affordable housing and subsidized housing for low-income workers, and with San Francisco office rents already among the highest in the U.S. this is not good for office developers or for office tenants.

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Tags: blogJeff Weiljeff.weil@colliers.comoffice spaceoffice tenantoffice trendsSan Francisco Bay Area
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Jeffrey Weil, CCIM, MCR.h, SIOR

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  • 1850 Mt. Diablo Blvd., Suite 200
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Contact Information

  • Jeffrey Weil
  • Colliers International
  • 1850 Mount Diablo Blvd., suite 200
  • CA Lic. 00786195
  • +1 (925) 279 5590
  • jeff.weil@colliers.com
  • www.officetimes.com

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