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2022 Q2 San Francisco Peninsula Market Research Report

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The Peninsula in Motion

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The second quarter of 2022 exhibited strong activity in the San Francisco Peninsula market, with net absorption recording over half a million square feet of expansion and gross absorption marking 1.9 million square feet of activity. Overall, the vacancy rate contracted to 6.0 percent year-over-year, 170 basis points below Q2 2021 and the sublease vacancy rate is at a mere 1.0 percent, compared to 2.0 percent last year. The University of Michigan consumer sentiment measured an all-time low of 50 due to the rise in inflation and fluctuating economic conditions. However, demand for a Peninsula location remains strong for investors and occupiers alike.

 

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2022 Q2 San Francisco Peninsula Market Research Report

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Nicole So

Research Manager

Silicon Valley

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 up 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 the database, she produces the quarterly market reports, client thought pieces, and leads the research for the Life Science team. 

Nicole lives in Santa Clara with her two adorable cats and is engaged to her high school sweetheart. She enjoys being in the outdoors, eating new foods, and building life-long connections through fun experiences. 

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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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