Tech companies and artificial intelligence upstarts have unleashed a South Bay leasing surge that has produced the region’s best quarter for office space rental activity since the end of the coronavirus outbreak, a new report has disclosed.
The upswing is strong enough that the tech industry is filling up an array of empty office spaces in the region in a hopeful sign for the local market, Savills, a commercial real estate firm, reported. The survey covered the January-through-March first quarter of 2026.
The rental surge has begun to chip away at the region’s office availability rate, a broad measure of the empty or unwanted office space in the region…