Skip to main content Skip to footer

2020 Q2 San Francisco Peninsula Market Research Report

Download Report
RWC_BrisbaneAerial_1536x1040

Pandemic Reverses Absorption Trends

MR_RWC_20Q2_ALL_175x227

As deal velocity slowed in Q2 2020, San Francisco Peninsula's commercial real estate market saw occupancy losses across all tracked property types, resulting in a 1.1-million-square-foot swing of negative net absorption. The overall vacancy rate for all tracked property types rose for the third consecutive quarter, standing at 6.2 percent midway through 2020.

The COVID-19 pandemic continued to bring about uncertainty for occupiers and landlords alike, and many commercial real estate decisions were put on hold as a result. Remote working has become a norm in the region, and as a result, the market has seen an expansion of sublease space as occupiers reassess their workspace needs. Between office, R&D and industrial product there is more than 2.2 million square feet of available sublease space in San Mateo County, an increase of 5.9 percent from Q1 2020.

 

Would you like to have future reports delivered directly to your inbox? Sign-up to this and other regional e-mail delivery lists.

Subscribe Here


RWC_BrisbaneAerial_1024x972

2020 Q2 San Francisco Peninsula Market Research Report

Download Report
Related Experts

Mike Cobb

Senior Vice President

Silicon Valley

Mike specializes in the sale and leasing of office, industrial and R&D properties on the San Francisco Peninsula. Mike possesses a depth of market knowledge and experience, and his expertise has proven a great benefit to his clients.

A skilled market analyst and forecaster, Mike has been the lead author of Colliers’ San Francisco Peninsula quarterly market report since 2002. He is the owner of Opinion of Value, a leading commercial real estate blog covering the San Francisco Peninsula and Silicon Valley. In addition to successful assignments with institutional and local property owners, Mikes’ clients have included prominent local technology firms, start-ups, and national manufacturing concerns. He has also successfully represented various non-profit organizations on highly challenging facility acquisition and disposition assignments. Mike joined Colliers International in December, 2001 as a veteran of the brokerage industry and with a strong focus on the Peninsula market.  Mike is active in his local community. He has served as a Director on the boards of a number of non profit groups involved in education and the arts, and been appointed to several financial oversight commissions within his local school district. He has also coached youth sports.

 

View expert

Mike Davis

Executive Vice President

San Francisco Peninsula

Mike joined Colliers International to lead the company’s Industrial/Research & Development (R&D) Division on the San Francisco Peninsula. Since joining Colliers he is consistently recognized as a top 10% producer nationwide (Everest Club) and a top producing broker in San Mateo County. Prior to joining Colliers, he was Grubb & Ellis’ Top 3 producer in 2011 and in 2008, 2007, 2004, 2003 and 2002, he was the #1 producer for CB Commercial in San Mateo County. Mike has trained several commercial real estate advisors and has been an active principal in his own real estate investments. Mike counts among his clients: Avis/Budget, Balco Properties, Black Creek Group, BYD, California Teachers Association, DHL, Fortress Investment Group, GLP, iStar Financial, Link Industrial Properties (Blackstone), LSG Sky Chefs, Oracle, Prologis, ReadySpaces, The San Francisco Examiner, Union Pacific, UPS, and Windy Hill Property Ventures to name a few. 

View expert

Rick Knauf

Executive Vice President

Silicon Valley

Rick has been in the commercial real estate industry for 39 years and has a diverse background including 31 years in commercial brokerage and 8 years in residential development.  He specializes in land sales with a diverse background and real estate experience including sales, leasing, land acquisition & securing entitlements for in-fill developments.  While in the development business, Rick was instrumental in fueling the growth of two prominent development companies and acquired sites valued in excess of $95 million.  

Combining his extensive brokerage and development experience allows Rick to work closely with his clients to identify opportunities while achieving the best price and terms for their real estate.  His understanding of the market, development process and land pro-forma analysis places Rick in the unique position to provide his clients the best alternatives to maximize the value of their real estate.  

He has consistently been a top producer and has received numerous production awards from Colliers International as well as Broker of the Year from the Association of Silicon Valley Brokers.

View expert