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2020 Q3 San Francisco Office Market Report

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San Francisco Office Rents Soften In The Third Quarter

The overall vacancy in San Francisco rate rose 240 basis points to 10.1 percent. Direct vacancy rate increased by 140 basis points to 6.3 percent and vacancy sublease rate space grew 100 basis points to 3.8 percent. San Francisco office market experienced effective rents softening across the board during the third quarter of 2020. Overall weighted effective rents fell from $89.80 to $81.63 per square foot, meanwhile Annually overall non-weighted effective rents declined 10.2 percent to $81.63 percent per square foot.

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2020 Q3 San Francisco Office Market Report

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Luke Wilson

Executive Vice President

San Francisco Peninsula

Luke Wilson is an Executive Vice President and leads Occupier Services Bay Area (OSBA) in Redwood City, CA.  OSBA specializes in occupier representation providing clients with a platform of integrated services on local, national, and global levels. Luke takes a process oriented and quantitative approach to each project, using high-level analytics to advocate on behalf of his clients to deliver the best real estate solutions. In addition to his corporate portfolio clients, Luke has made outstanding contributions in representing many venture-backed companies from their initial research and development start-up phase through their excelled growth. Luke has completed over 250 lease and sale transactions, with total consideration in excess of $2 billion.

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