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San Francisco Market Reports

San Francisco Office Market

Average Asking Rent (Price/SF) $71.95
Vacancy Rate (%) 6.3%
Net Absorption (SF) -1,941

Increased demand combined with a drop in availability continued to apply upward pressure on asking rents. Tenants have responded by becoming more efficient, often by densifying occupancy, and are more likely to renew than to move to new space. Traditional and second generation spaces continued to take longer to lease, and landlords continued to respond by offering more concessions and greater tenant improvement allowances.



San Francisco Office Market Report
2Q17
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