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2020 Q2 San Francisco Office Market Report

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San Francisco’s Office Market Takes A Hit from COVID-19

San Francisco’s overall vacancy rate increased by 240 basis points to 7.7 percent which translated into nearly 2.3 million square feet of negative net absorption. The City’s direct vacancy rate increased by 90 basis points bringing it up to 4.9 percent, while vacant sublease space rose 1.5 percentage points to 2.8 percent. The Financial District accounted for approximately 42 percent of the negative net absorption this quarter. Additionally, the Yerba Buena submarket posted nearly 395,000 square feet of negative net absorption.

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2020 Q2 San Francisco Office Market Report

Download Report