Articles Recently Tagged: Office Rents

(28 posts)
East Bay Office Market Lull

East Bay Office Market Lull

While still below average, the vacancy rate for East Bay office space has ticked up from 8.2 percent at the beginning of the year to over 9 percent today, including an uptick in the vacancy rate for existing office space in Oakland’s Central Business District (from 6.6 percent to... Read More »

Rents Tick Up along with Delivery of New Office Buildings in SF

Rents Tick Up along with Delivery of New Office Buildings in SF

With 1.3 million square feet of new office space having been delivered over the past quarter, all of which was pre-leased and instantly absorbed, included The Exchange at 16th (Dropbox) and the tower at 181 Fremont Street (Facebook), the average asking rent for office space in San Francisco ticked... Read More »

Delivery of New Development Driving the Office Market in SF

Delivery of New Development Driving the Office Market in SF

The average asking rent for office space in San Francisco inched up 0.5 percent in the first quarter of 2018 to an all-time high of $71.40 per square foot per year, which is 2.5 percent above the mark at the same time last year. And the net absorption of... Read More »

Development Driving the Office Market in San Francisco

Development Driving the Office Market in San Francisco

The average asking rent for office space in San Francisco inched up 0.7 percent in the fourth quarter of 2017 to end the year at an all-time high of $71.02 per square foot per year. That being said, the year-over-year gain in asking rent dropped to 1.8 percent, down... Read More »

Net Absorption of Office Space in San Francisco Has Dropped

Net Absorption of Office Space in San Francisco Has Dropped

Having slipped a nominal $0.11 per square foot (0.1 percent) in the first quarter of 2017, the average asking rent for office space in San Francisco inched up $0.50 per square foot (0.6 percent) in the second quarter of the year to an all-time high of $70.16 per square... Read More »

Office Rents in San Francisco Slip, Vacancy Rate Inches Up

Office Rents in San Francisco Slip, Vacancy Rate Inches Up

Having inched up 0.8 percent at the end of 2016 to an all-time high of $69.77 per square foot per year, the asking rent for office space in San Francisco slipped a nominal $0.11 per square foot (0.1 percent) in the first quarter of 2017. And while rents remain... Read More »

Office Rents Hit a Record High in SF but Barely Budged Last Year

Office Rents Hit a Record High in SF but Barely Budged Last Year

Having slipped for the first time since 2010 in the third quarter of last year, the average asking rent for office space in San Francisco inched up 0.8 percent in the fourth quarter and ended 2016 at a record high of $69.77 per square foot per year, up a... Read More »

Spillover Demand from SF Slows but East Bay Office Rents Tick Up

Spillover Demand from SF Slows but East Bay Office Rents Tick Up

Asking rents in Oakland’s Central Business District ticked up 1.2 percent in the third quarter and are now running 20 percent higher on a year-over-year basis while the asking rent for office space across the greater East Bay market gained 3.7 percent and is 8.6 percent higher versus the... Read More »

Office Rents in San Francisco Slip for the First Time since 2010

Office Rents in San Francisco Slip for the First Time since 2010

As we first reported at the beginning of the year, demand for office space in San Francisco was dropping. A few months later, we noted that the office vacancy rate was on the rise. And last quarter, the vacancy rate ticked up to 7.7 percent, the highest vacancy rate... Read More »

East Bay Office Market Cause for Concern?

East Bay Office Market Cause for Concern?

While not specifically quantified, the volume of office tenants in San Francisco seeking new space in the East Bay “dropped significantly” over the past quarter, according to an accounting by Cushman & Wakefield. And while the drop was partially attributed to a lack of available space, with the vacancy... Read More »