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  • NEW ECONOMIC ENGINE IS FOUND IN ITS ‘VERTICAL FACTORIES’

    Posted: October 15, 2010 | Posted by CBPA | No Comments

    The executive vice president of BOMA SF makes the economic case for commercial real estate in one of the state’s most urbanized and regulated real estate markets:  “We have been on the leading edge of a national shift away from heavy manufacturing to a service-based and information-oriented economy. Playing a crucial part in San Francisco’s vitality, the office building industry has accommodated substantial growth in professional, technology, life sciences, managerial and administrative jobs. And recent reports show that The City is rivaling Silicon Valley in venture capital-funded enterprises.

    “In 2009, office buildings represented a staggering $22,130,170,999 in assessed valuation — 31 percent of The City’s total valuation — and generated $2.5 billion for San Francisco’s economy.”

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