Tech Tenants Face Rent Premiums in Major Markets


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Investors in tech markets must have “realistic expectations,” Yasukochi says.

LOS ANGELES—Call it a tech premium. Office tenants looking for space in one of the top 30 tech cities across the US andCANADA can expect to pay an aggregate rent premium of 11%, and considerably more than that in the hottest tech markets, CBRE Group said Tuesday.

Although San Francisco has ranked as the leader by a number of measures in CBRE’s Tech-Thirty 2015 report, it doesn’t command the steepest rent premiums. That distinction goes to the East Cambridge submarket of Boston, with a rent premium of 87%, followed by Los Angeles’ Santa Monica submarket with 85% and Silicon Valley’s Mountain View submarket with 73%. The latter, of course, is home to Google’s corporate headquarters…

Tech Tenants Face Rent Premiums in Major Markets

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