S.F. Continues To Bleed Tenants
We got the scoop on two S.F. tenants who have jumped ship to Oakland.
Nanny agency Town & Country Resources is packing its bags from its pricey Sutter Street address to move into more than 2k SF at 1333 Broadway (above), while HMC Architects traded its Financial District ZIP code for a 3k SF space at 2100 Franklin (below). Both groups moved from S.F. to take advantage of more attractive rents coupled with access to BART, says Lee & Associates principal Ben Jones, who repped both tenants.
While on the rise, Oakland rents are around a third the cost of those in the city. A year ago the story was the sea of nonprofits swimming across the Bay; now it seems tenants are craving Oakland for a variety of reasons.