Leasing Activity In San Francisco Is On The Rise
The San Francisco office market continues to experience increased activity and transaction volume relative to the previous four quarters, however vacancy has increased to 15.9 percent. There is optimism that the increase of activity and transaction volume and tenants reoccupying their space will result in a stronger second half of 2021. San Francisco continues to experience growth with tenant demand as companies ramp up for returning to the office which will translate into increased occupancy. There were three deliveries this quarter for a total of over 1.2 million square feet.
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