Report | San Francisco Office Insight - Q4 2015
It wasn’t the best quarter for San Francisco’s office real estate market, as sublease availabilities increased to over two million square feet—49.4 percent higher than their Q3 levels. Major subleases from companies like Charles Schwab, Dropbox, Twitter and LinkedIn played a large role in the spike.
However, it wasn’t all bad news. With a market vacancy rate of just 8.2 percent and tenant demand remaining strong, this new availability in sublease space brought tenants a new opportunity to enter the market or even expand their current operations.
While overall investment cooled in San Francisco in 2015, a significant return of foreign money to the market is expected in 2016 with the recent reform of a 1980’s IRS tax law regarding non-U.S. investment.
Learn more about what’s happening—and what we expect to occur in the coming months—across the San Francisco office market in our Q4 US Office Insight.
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