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San Francisco Market Reports

San Francisco Office Market

Average Asking Rent (Price/SF) $82.47
Vacancy Rate (%) 3.5%
Net Absorption (SF) 1,360K

Further-diminishing vacancy and robust tenant demand combined to form an extremely competitive market. Current availabilities total 6.6 million square feet, yet demand is also 6.6 million square feet. The result has been an increase in rent of 12.8% year-over-year to $82.47 overall. Large-block pricing has gone up further, and tenants leasing more than 50,000 square feet are paying a premium averaging nearly 10%, and tenants leasing more than 200,000 square feet are paying a premium of more than 20%.



San Francisco Office Market Report
4Q18
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