Historically, the dimly-lit underpasses of freeway ramps have been havens for homeless encampments, shady drug deals and other types of seedy behavior.
With the development of the new Transbay Transit Center requiring several overhead ramps for buses, project backers might have been intimidated by the prospect of those unseemly spaces dotting the landscape of the SoMa District. Instead, they’re viewing such spaces as places for positive possibilities.
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Strong demand for the hip offices favored by tech firms and creative types will reward The City and the Peninsula with the country’s largest growth in office rents this year, according to a new report.
A report by the global real estate broker CB Richard Ellis said the cost of local office space could increase by up to 7 percent by year’s end.
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