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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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Erin Proto

Senior Research Manager

San Francisco

Erin Proto joined Colliers International’s San Francisco Office in December of 2013. She heads up the research department and is responsible for authoring office, multifamily and retail research reports. She is responsible for the management of all data collection, quality control, aggregation, analysis, interpretation and timely reporting of market information and trends. Prior to Colliers, Ms. Proto served as Director of Research at Cornish & Carey Commercial Newmark Knight Frank (C&C) for the Walnut Creek and Pleasanton offices.  Before joining C&C, she worked for Grubb & Ellis as Vice President, Director of Research & Marketing in the East Bay and San Francisco offices. During her eleven years at Grubb & Ellis, she mananged the companies research and marketing efforts, including managing the research and marketing team, was responsible for the database, market analysis, quarterly and forecast reports, creation of key proposals and presentations. She was also responsible for all direct marketing functions of the office including collateral material development, communications, web presence, social media marketing, public relations, forecast events and conventional advertising.

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