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San Francisco Market Reports

2Q 2021

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.

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Local Market Contact:
Andrea Arata

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

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