Inside San Francisco’s office cap: How a 1980s law is threatening new development

With record leasing, surging rents and investor interest, it appeared like nothing could stop the momentum San Francisco’s office market is seeing. Well, except maybe a law passed more than 40 years ago. San Francisco’s Office Development Annual Limitation Program caps the square footage that can be allocated to new office developments in the city. While other major U.S. markets often implement zoning and height restrictions to shape commercial growth, San Francisco appears to be the only metro with limits down to the square foot. CBRE’s Colin Yasukochi said 2026 is on track to break the city’s previous record for […]Read More