MARKETVIEW  
SAN FRANCISCO OFFICE
Q2 2015
CBRE RESEARCH
Five year streak broken
Vacancy Rate
5.7%
Net Absorption
144,613 SF
Construction
4.5 MSF
Lease Rate
$67.99 FSG
 
*Arrows indicate change from previous quarter.
Market Summary

Average asking rates have increased every quarter since Q2 2010 and are now 122% higher, including a 3.2% rise over last quarter to $67.99
Total vacancy rose by 20 basis points (bps) to 5.7%, as a result of traditional tenants giving up space and new sublease space additions
These vacant spaces lowered net absorption to 144,316 sq. ft. for the quarter, bringing the year-to-date total to 780,083 sq. ft.
Looking ahead , the 1.5 million sq. ft. of new construction deliveries to come in 2015 will do little to rebalance the market, as 93% is pre-leased

Rachel Reilly
Marketing Director
rachel.reilly@cbre.com 
 
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Matt Farrell
Senior Research Analyst
+1 415 772 0104
matt.farrell@cbre.com
Erin Hepp
Research Analyst
+1 415 772 0264
erin.hepp@cbre.com
Amanda Fuller
Researcher
+1 415 772 0265
amanda.fuller@cbre.com
 
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