Looks like Yahoo! has signed a letter of intent for a 200,000 square feet of office space at 475 Sansome Street (and insiders say that Google is looking for 200,000 square feet of San Francisco space as well). According to Commercial Property News, “the [Yahoo!] lease drops the vacancy rate by 0.4 percent, a moderately paltry change in an office market still recovering from the dot-com crash.”
Regardless, expect major employment growth and associated demand for housing. But then again, all our friends that work for Yahoo!/Google already live in the city, so perhaps just expect less traffic on 101/280.
· Yahoo to Lease 200,000-SF Office in San Francisco [CPN Online]
· Yahoo search leads to San Francisco [MSNBC]