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San Francisco Market Reports

San Francisco Office Market

Average Asking Rent (Price/SF) $72.40
Vacancy Rate (%) 5.8%
Net Absorption (SF) 389,347

Leasing remained robust, and the five largest leases combined totaled over 1 million square feet. Overall availability decreased to 10.8% from 11.7% last quarter, and vacancy dropped to 5.8% from 6.3%. Sublease availability remained steady at 2.2% while sublease vacancy increased slightly, to 0.8% from 0.7%. Annual direct asking rates remained steady, rising only slightly to $72.40/SF from $71.95/SF.

San Francisco Office Market Report
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