Low vacancy rates and a lack of new buildings under construction are threatening to prevent further expansion of the flexible office market in San Francisco Bay Area . While an increasing number of co - working companies are looking to enter the market for flexible office space in the area , the lack of supply has been the biggest obstacle to further expansion . P.M. PT: Last year 922,000 sq ft was leased for flexible working , with current trends likely to produce a similar amount in 2018 , according to data from CBRE . In 2017 , 187,000 sq ft was leased for such purposes .
Low vacancy rates and a lack of new buildings under construction are threatening to prevent further expansion of the flexible office market in San Francisco Bay Area . While an increasing number of co - working companies are looking to enter the market for flexible office space in the area , the lack of supply has been the biggest obstacle to further expansion . Last year 922,000 sq ft was leased for flexible working , with current trends likely to produce a similar amount in 2018 , according to data from CBRE . In 2017 , 187,000 sq ft was leased for such purposes .