Articles Recently Tagged: Cushman & Wakefield

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San Francisco Rents Slip, East Bay Rents Climb

San Francisco Rents Slip, East Bay Rents Climb

Having inched up by $4 a month in the first quarter of 2016, the average asking rent for an apartment in a building with over 50 units in San Francisco slipped by $25 a month (0.7 percent) to $3,595 in the second quarter of the year, while the asking... Read More »

East Bay Office Market Cause for Concern?

East Bay Office Market Cause for Concern?

While not specifically quantified, the volume of office tenants in San Francisco seeking new space in the East Bay “dropped significantly” over the past quarter, according to an accounting by Cushman & Wakefield. And while the drop was partially attributed to a lack of available space, with the vacancy... Read More »

Office Vacancy Rate in San Francisco Jumps the Most since 2009

Office Vacancy Rate in San Francisco Jumps the Most since 2009

Citing the emergence of “slow or no growth policies” amongst both start-ups and more established local firms, the office vacancy rate in San Francisco jumped 1.6 percent in the second quarter of 2016, the largest quarterly increase since the first quarter of 2009, according to data from Cushman &... Read More »

Office Rents in Oakland Hit an All-Time High

While demand for office space in San Francisco slipped last quarter, asking rents in Oakland’s Central Business District gained 8 percent, are up 36 percent versus the same time last year and have hit an all-time high, eclipsing the dotcom era peak at the end of 2000. In addition,... Read More »

Demand for Office Space in San Francisco has Dropped

Demand for Office Space in San Francisco has Dropped

For the first time since 2010, the average asking rent for Class A office space in San Francisco’s Central Business District has declined versus the quarter before, slipping 0.9 percent to $70.64 per square foot in the first quarter of the year. That being said, including Class B space,... Read More »

San Francisco and East Bay Rents Little Changed Last Quarter

San Francisco and East Bay Rents Little Changed Last Quarter

Following a nominal slip at the end of last year, the average asking rent for an apartment in a building with over 50 units in San Francisco inched up $4 a month (0.1 percent) to $3,620 in the first quarter of 2016 and $16 a month (0.7 percent) to... Read More »

San Francisco and East Bay Apartment Rents Slip

San Francisco and East Bay Apartment Rents Slip

While it’s a nominal change, the average asking rent for an apartment in a building with over 50 units in both San Francisco and the East Bay slipped at the end of 2015 as a post-recession wave of new construction, the pipeline of which has hit a record high,... Read More »

San Francisco Office Rents at All-Time High but Acceleration Slows

San Francisco Office Rents at All-Time High but Acceleration Slows

The average asking rent for office space in San Francisco hit a record high of $68.14 per square foot at the end of 2015, surpassing the dot-com record of $66.00 per square foot set in the fourth quarter of 2000 by 3.2 percent. And at 5.9 percent, the current... Read More »

Oakland Tipped in 2015

Oakland Tipped in 2015

Near the end of 2014 we outlined why Oakland was at a tipping point with respect to demand for office space and growth. As we wrote at the time: “In San Francisco, the demand for office space is at an all-time high and office rents have increased 15 percent... Read More »

Average Asking Rent For A Studio In San Francisco: Nearly $3K

Average Asking Rent For A Studio In San Francisco: Nearly $3K

The average asking rent for an apartment in a building with at least 50 units in San Francisco ticked up to a record $3,623 per month in the third quarter of 2015, up 2.8 percent over the past three months but only (yes, only) 6.6 percent higher versus the... Read More »