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San Francisco Peninsula Market Research Report Q3 2022

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Life Science Lifts the Peninsula

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Despite economic uncertainty and rising inflation, the San Francisco Peninsula commercial real estate market remained resilient in the third quarter, marking its seventh consecutive quarter of expansion. Deal velocity increased 4.9 percent, recording nearly 2.0 million square feet of activity, including Astellas’ prelease of 154,000 square feet of life science space in South San Francisco. Over 520,000 square feet of product completed construction in Q3, and over half a billion dollars in capital markets was transacted in the third quarter, indicating a secure and stable market for investors.

 

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San Francisco Peninsula Market Research Report Q3 2022

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Related Experts

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 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.

Nicole lives in Santa Clara and enjoys being outdoors, eating new foods, and building life-long connections through fun experiences. 

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Steffen Kammerer

Regional Managing Director, Bay Area

Silicon Valley

Steffen Kammerer joined Colliers as the Silicon Valley Executive Managing Director in 2021 after a successful career in tenant representation at JLL. Based in San Jose and living on the Peninsula, Steffen has a unique understanding of the market and what it takes to be successful in the Bay Area. Steffen's approach to business is similar to life - people first. With the opportunity to further differentiate Colliers by being a be servant-based leader, Steffen was quick to recognize the value he could bring to the company. In his new role, Steffen is responsible for the strategic direction and performance of Colliers Silicon Valley, including leadership of Agency Leasing and Occupier Services.

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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