By SHEILA MUTO
Ready to Move In
The amount of so-called plug-and-play space still available at office and research-and-development properties in the San Francisco Bay area continues to dwindle. But the space that remains still generates more than its fair share of leasing demand.
In the Silicon Valley, plug-and-play R&D space -- furnished and wired space that is typically a combination of office and manufacturing space and is popular among technology companies -- makes up less than one-third of the available space on the market for lease, according Jim Beeger, a senior vice president at real-estate brokerage firm Cornish & Carey Commercial/Oncor International. But it accounted for nearly half the 1.7 million square feet of total R&D space leased in the third quarter.
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