Investor Presentation November 2023
INVESTOR PRESENTATION NOVEMBER 2023
Positive Trends Indicating Companies & Workers Returning to SF
"...these Al deals are a big boost to the SF market... (they) will create
positive momentum, which could cause other tech and non-tech
tenants to reassess their space needs in the market."
Robert Sammons,
San Francisco Chronicle, Oct 13, 2023
"Employment in San Francisco expanded by 28,300 new jobs YOY for
a growth rate of 2.4%. Office jobs, despite numerous announced
layoffs this year, remain above the pre-pandemic peak by 7.0% at
527,450 positions for the San Francisco metro division."
Cushman & Wakefield, Q3 2023 U.S.
Office MarketBeat, Oct 11, 2023
"Growth so far has been supported by aggressive re-hiring of the keen
software workforce faced by Big Tech layoffs and [we] expect this
trend to continue with the upcoming return-to-office (RTO) mandate
by Meta in September."
BMO Capital Markets, Aug 6, 2023
"As the Al industry continues to thrive and expand in San Francisco,
the future of the city's real estate market will be shaped by the
ongoing evolution of these innovative startups and their increasing
impact on office space demands."
pebblebrook
TRUST
Innovation Properties Group, Jul 11, 2023
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