According to Bisnow, the 2018 commercial real estate market for San Francisco is expected to be positive. From industrial to residential, all SF product types are still in an up-swing. Per the article, even with a possible recession looming in the next few years, industry experts believe it could be a less than 2% of GDP, while the 2008 recession was 4.1%, for comparison.
Developers too, are positive about where San Francisco CRE is headed in 2018 with the demand for housing, office, bio-tech and industrial still holding strong. With high profile and large re-development projects under way such as the 850K square feet of office at the previous San Francisco Tennis Club and the 5M square feet of office at the Shipyard/Candlestick site, San Francisco will have the product to entice future businesses to re-locate and give local companies the opportunity to expand.