Intelligent Office San Francisco reach 100% occupancy milestone
Intelligent Office, leading executive office suite and virtual office provider to the legal sector, has announced full occupancy of its San Francisco property only five months after the official opening in June 2012.
A global report released in August 2012 by commercial real estate consultants Cushman & Wakefield ranked the Californian financial centre as the second highest performing amongst the 100 surveyed over the past year.
Driven by high demand in the technological industries, rental values for serviced offices in San Francisco have increased by an average of 23% during 2011-2012. Leading commercial property investor CBRE has revealed a similar bi-annual growth in office rentals of 44% in its U.S. Tech-Twenty Office Markets report.
Wilson Tandiono, President and CEO of Intelligent Office San Francisco, said: “Intelligent Office would like to welcome its new clients and thank our existing clientele for their support”.
“We strive to provide value and help them save on overhead costs in the expensive San Francisco office market. We are looking forward to building lasting relationships with our clients.”
Referrals for the San Francisco centre are now being placed on a waiting list, however virtual office capacity is still available, with a dedicated administration team on hand to deliver services including call and mail forwarding, as well as leased conference space and administrative staff.
Intelligent Office – based in Boulder, Colorado – received the Gold Standard Investor in People award in May 2012 for its employee management and strategic achievements, having grown to over 50 centres across North America.
The news comes amongst wider indicators of growth in the North American executive office market. Canadian firm Avison Young announced the opening of their first business centre in New Jersey in September 2012, where an aggressive growth strategy has led to the opening of 23 new centres in the New York tri-state area since 2009. Luxembourg-based executive office provider Regus is set to open a second business centre in Louisville, on the back of increasing demand in a previously fallow market.
The extensive SOS portfolio of executive office suites in North America means we are ideally placed to find a cost-effective corporate solution in a rapidly developing market.