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2021 Q4 San Francisco Peninsula Market Research Report

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2021 Ends on a High Note

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The San Francisco Peninsula continues to be resilient while the population adjusts to the new normal. In 2021, the Peninsula reported overall occupancy gains in every quarter, finishing off the year with more than 166,000 square feet of positive net absorption. Despite the upsurge in the Delta and Omicron coronavirus variants, companies have generated over 2.3 million square feet of gross absorption in the fourth quarter. The top three deals alone totaled nearly 1.0 million square feet, signifying San Mateo County as a prominent location for companies to establish their presence in the Bay Area.

 

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2021 Q4 San Francisco Peninsula Market Research Report

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Nicole So

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Nicole began her real estate journey with Colliers where she has been a key member of the Silicon Valley Research Team for six years, working her way to Research Manager for the San Francisco Peninsula and Silicon Valley offices. Along with her team, she is committed to data excellence to uphold Colliers' standing as a leader in market trends and statistics. In addition to upkeeping Colliers' proprietary database, she produces the quarterly market reports, client thought pieces, and leads life science research for the Bay Area.

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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.

 

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