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2022 Q1 San Francisco Peninsula Market Research Report

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San Francisco Peninsula Boasts Strong Activity in Q1 2022

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The first quarter of 2022 began with optimism as public health restrictions were lifted in San Mateo County, leading major companies like Google and Apple to announce return-to-office plans, and many adopting hybrid models. Net absorption measured nearly 880,000 square feet of expansion across all product types and vacancy decreased to 6.0 percent, 50 basis points below last quarter and down 140 basis points year-over-year. While rents across all product types have increased, the market on the San Francisco Peninsula is highly active and remains in high demand.

 

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2022 Q1 San Francisco Peninsula Market Research Report

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Nicole So

Senior Research Analyst

Silicon Valley

Nicole began her real estate journey with Colliers where she has been a key member of the Research Team for the Silicon Valley for five years. Her focus rests on the San Francisco Peninsula, where she produces market reports that analyze the data to show market statistics and trends.

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Steffen Kammerer

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After growing up in the Bay Area and marrying his high-school sweetheart, Steffen and his wife, Danielle have two beautiful, energetic boys that keep their hearts and schedules full outside of the office. With a focus on chasing joy in life and supporting those around him, Steffen’s leadership in the Bay Area is bound to take Colliers to the next level.

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