The Presidio of San Francisco boasts miniscule office vacancy rates compared to city as a whole [CBS News]
Cushman & Wakefield Ltd. Common Shares (CWK)
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Source: CBS News
Padlet CEO Nitesh Goel said a walk through the offices makes it clear why he made the Presidio his company's home base. "We are a creative product. We felt that our space needs to be something that inspires creativity," he said. Goel's company creates collaboration software for schools around the world. Right now, it's on the smaller side. "About 30-35 people here, but worldwide, we have around 65-70 people," he said. However, size-wise, Padlet is right in the sweet spot for an office in the Presidio. And the Presidio's office landscape itself, is having a moment. There is just under 1.1 million square feet of office space in the Presidio, and in Q3, only 15,894 square feet were vacant, giving the Presidio an office vacancy rate of 1.4%, according to a recent Cushman & Wakefield report. San Francisco's Q3 office vacancy rate was 33.6%, per that report. "It's certainly the most unique submarket in San Francisco, and honestly, one of the most unique submarkets in the coun
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