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9 kwi 2024 · The San Francisco office market closed Q1 2024 with an overall vacancy rate of 36.7%, net absorption of negative 856,000 sq. ft., and an overall average asking rate of $68.55 per sq. ft. on an annual, full-service gross basis.
San Francisco office market trends. $279 psf. Office pricing reaches lowest point in 12 years. Mounting debt, interest rates, and increasing vacancy have weighed down pricing in San Francisco, causing properties to sell at significantly discounted rates not witnessed since 2011.
San Francisco office insights | Q3 2023. The reduced level of investment activity in 2023 reflects a growing reluctance among investors. This hesitancy is primarily due to elevated interest rates and record vacancy levels, which have significantly driven down office pricing. Investors are grappling with limited available capital, particularly as
Presentation. RESEARCH Q4 2021. San Francisco Office Market. Signs of Market Recovery. In the fourth quarter of 2021, San Francisco experienced positive absorption at 324,343 square feet, marking the second consecutive quarter of positive absorption.
In Q1 2024, the total availability rate in the San Francisco office market decreased 40 basis points (bps) from 36.7% reported at year-end 2023 to 36.3%.
Flight to Quality. Premium office space accounted for 79.1% of all leasing activity this quarter, led by Sephora’s massive 286,000 sf sublease from Salesforce at 350 Mission St. This is the third consecutive quarter in which Class A and Trophy spaces have dominated office demand.
25 cze 2024 · Office vacancy in San Francisco will rise a projected 0.3 percent to 37 percent in the second quarter, from 36.6 percent in the prior period, the San Francisco Business Times reported,...
