As we outlined last week, the amount of vacant office space in San Francisco has ticked up to a pandemic high of 18.7 million square feet versus under 5 million square feet prior to the pandemic. For context, the 1,070-foot-tall Salesforce/Transbay tower at First and Mission, which is the... Read More »

Having inched down to just under 20 percent at the end of last year, the effective office vacancy rate in San Francisco ticked back up to a pandemic high of 21.7 percent in the first quarter of 2022, representing 18.7 million square feet of vacant office space in the... Read More »

Having ticked over 18 percent at the end of last year, the office vacancy rate in the East Bay, not including Walnut Creek or further east, inched down to 17.3 percent in the first quarter of 2022, representing the first decline in the vacancy rate since late 2019 (at... Read More »

While it makes for good headlines and viral sound bites, the notion that there are “more than 40,000 vacant homes in San Francisco” is not only misleading but represents a fundamental misunderstanding, if not misrepresentation, of the underlying data and market at hand. Yes, 40,458 units of housing in... Read More »

The office vacancy rate in the East Bay, not including Walnut Creek or further east, inched up from 17.9 percent at the end of September to 18.1 percent at the end of 2021, which includes 4.8 million square feet of un-leased space and 1.1 million square feet of space... Read More »

Having hit a pandemic high of 20.5 percent in the third quarter of last year, the effective office vacancy rate in San Francisco inched down to 19.9 percent at the end of 2021, which represents 17.0 million square feet of vacant office space in the city, including 5.5 million... Read More »

Having ticked over 20 percent in the second quarter of the year, the effective office vacancy rate in San Francisco has inched up another 40 basis points (0.4 percentage points) to 20.5 percent, which represents 17.5 million square feet of vacant office space in the city, with 6.8 million... Read More »

The office vacancy rate in the East Bay, not including Walnut Creek or further east, ticked up to 17.9 percent at the end of September, which includes 4.6 million square feet of un-leased space and 1.2 million square feet of space which has been leased but is sitting vacant... Read More »

With the office vacancy rate in San Francisco having ticked over 20 percent, with over 17 million square feet of vacant space, the vacancy rate for office space in the East Bay, not including Walnut Creek or further east, has ticked up from 16.8 in the first quarter of... Read More »

As we outlined yesterday, there is over 17 million square feet of vacant office space now spread across San Francisco, which is up from around 16 million square feet of vacant space three months ago and as compared to under 5 million square feet of vacant space at the... Read More »