San Francisco Office Market
|Average Asking Rent (Price/SF)||$77.90|
|Vacancy Rate (%)||17.1%|
|Net Absorption (SF)||-1,877,396|
While absorption in the second quarter of 2021 was still negative, San Francisco experienced a less significant drop in absorption, at negative 1.8 million square feet. Availability saw a slight increase of 120 basis points during the second quarter to 24.9%. Sublease space saw an 848,670-square-foot decrease in availability during the second quarter, to a total of 8.2 million square feet, or 37.9% of the total available space on the market.
Download San Francisco Office Market Report 2Q21