Report | San Francisco Office Insight - Q1 2016
Large block activity from several big companies helped drive San Francisco’s positive net absorption gains in Q1, with more expected to come in Q2.
While vacancies now sit at a mere 8.2 percent, the sublease market has grown more than 14 percent since Q4 2015. Tech firms make up a majority of this strong sublease demand—at more than 40 percent—with bottom lines becoming more of an issue.
2.9 million square feet of new space is set to deliver over the next two years. 63 percent of this new construction is still available for rent (as of Q1 2016).
Learn more about what’s happening right now in San Francisco—and what we can expect over the next couple months—by downloading our Q1 2016 US Office Insight.
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