Financial firms depart downtown offices for San Francisco Presidio

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Financial firms depart downtown offices for San Francisco Presidio
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More companies -- especially venture capital firms -- have been moving from downtown and other areas and establishing their footprint in the Presidio.

SAN FRANCISCO -- Depending on the time of day and what he's got going on, you may find Kurt Houtkooper in his office or doing business about a two-minute walk from that office.

Since then but primarily in recent years, he's seen more companies -- especially venture capital firms -- moving from downtown and other areas and establishing their footprint in the Presidio. "We have had so much interest in our smaller spaces that we have had to start a waiting list for those offices," she said."We have had a lot of interest from venture capital firms recently. We also actually have a huge array of businesses -- over 200 businesses in the Presidio -- from non-profits to schools to hospitality and recreation businesses. We've got design firms, retail and tech.

Just a few miles away, in downtown San Francisco, the office vacancy rate stands at about 31 percent, according to figures from CBRE, commercial real estate services company.

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