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2021 Q3 San Francisco Office Market Research Report

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Total Vacancy Rises Slightly as Occupancy Losses Moderate

Overall vacancy inched up 20 basis points to 16.1 percent during the third quarter, which is a much slower rate of increase than previous quarters during the pandemic, translating into a positive sign for the market. Although uncertainty remains in the market as companies continue to work through these challenges of the pandemic. Additionally, the San Francisco office market experienced some delayed move-ins as the Delta variant hit and varied recommendations were given out to companies to push back their reopening plans for the third quarter. While some construction has halted, The Swig Company delivered 268,000 square feet at 633 Folsom Street for Asana.

 

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2021 Q3 San Francisco Office Market Research 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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