A very interesting interview highlighting how Bay Area's, and especially SF's commercial space market is shaping up over time. Some surprising facts I found here:
Over the next two years, 30,000 workers’ worth of office space is going to come available but we're only slated to bring on about 3,200 housing units in 2017, and then 2,500 in 2018.
For a Series B stage startup: In this market, you’re looking at five-year leasing deals that probably cost $1.5 million a year. If you are not profitable and need to raise another round to fulfill the entire lease, you may spend up to $1 million just in security deposit.
Both 181 Fremont and Salesforce Tower are topping out soon, and have more than a million square feet available between the two of them.
Two of the three most expensive streets in America for commercial real estate are in the Bay Area. One is Sand Hill Road in Menlo Park and the other is Hamilton Avenue in Palo Alto.
...amongst others. Definitely an interesting read for SF residents.