San Francisco market fundamentals continue to lean in the tenants’ favor. Overall rents remained nearly flat QoQ, recording an averag of $79.01 per square foot. Overall vacancy increased to 20.7% as
the market recorded 678.7K SF of negative absorption. It should be noted that sublease absorption was positive throughout the past three quarters while direct absorption worsened drastically bringing
the total market into the negatives.
the market recorded 678.7K SF of negative absorption. It should be noted that sublease absorption was positive throughout the past three quarters while direct absorption worsened drastically bringing
the total market into the negatives.