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San Francisco Market Reports

San Francisco Office Market

Average Asking Rent (Price/SF) $70.66
Vacancy Rate (%) 6.2%
Net Absorption (SF) -244,592

Leasing in the first quarter of 2017 was at the greatest volume since the first quarter of 2015. Tenant demand rebounded to 6.2 million square feet after dipping below 5.0 million square feet at the end of 2016. The vacancy rate increased to 6.2% from 5.8% last quarter; annual direct asking rates rose slightly to $70.66/SF. Availability increased to back above the 12.0% mark after dropping to 11.1% at the end of 2016; sublease availability crept back up to third-quarter 2016 levels to 2.8%.



San Francisco Office Market Report
1Q17
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National Office Market Report 1Q17
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National Industrial Market Report 1Q17
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