Saturday January 09, 2016

San Francisco Office Rents Pass Manhattan As Most Expensive In Country

If holding the record for highest rent in the nation wasn’t enough, the Golden City now holds it for offices as well.

Office rents could tumble again if the tech sector falters badly, and there are anecdotal signs that some companies are struggling. Sidecar, a San Francisco-based ride-hailing start-up, last month said it would stop offering its services. Investors have lowered the valuations of several so-called unicorns, private technology companies originally valued at over $1 billion.