UCLA Reports on San Francisco Office Market

According to the Allen Matkins/UCLA Commercial Real Estate Survey, San Francisco rents and occupancy will both fall over the next two to three years. This comes on the heels of several years of rental rate increases and a strong office market.

It should be noted that the economic models UCLA has prepared have a difference of opinion from the panel’s analysis. Citing continuing employment numbers, the model forecasts that office space supply in the city could in fact be in short demand within four years.

On June 18, UCLA will release its full findings at its 2008 Economic Outlook and Real Estate Conference.

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