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San Francisco Leasing Activity – 2018 YTD

• In 2018 (YTD), 214 leases have been signed.  The average lease size is just over 20,000 SF.

• 79% of the transaction volume has taken place in the CBD with 36% in North Financial District and 43% in South Financial District.

• Average effective rent for San Francisco are just under $75 psf, with an average of about 3 months in free rent and $55 in tenant improvements.

• Park Tower (250 Howard), signed in May, set the record for largest single lease in the history of San Francisco at 755,914 SF.

• Tech tenants continue to dominate the San Francisco real estate market.  Real Estate companies currently sit in second, largely due to outbreak of coworking companies and their rapid expansion/growth.

Source: JLL Research

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