Articles Recently Tagged: Office Rents

(20 posts)
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 »

Office Vacancy Rate in San Francisco Jumps the Most since 2009

Office Vacancy Rate in San Francisco Jumps the Most since 2009

Citing the emergence of “slow or no growth policies” amongst both start-ups and more established local firms, the office vacancy rate in San Francisco jumped 1.6 percent in the second quarter of 2016, the largest quarterly increase since the first quarter of 2009, according to data from Cushman &... Read More »

Office Rents in Oakland Hit an All-Time High

While demand for office space in San Francisco slipped last quarter, asking rents in Oakland’s Central Business District gained 8 percent, are up 36 percent versus the same time last year and have hit an all-time high, eclipsing the dotcom era peak at the end of 2000. In addition,... Read More »

Demand for Office Space in San Francisco has Dropped

Demand for Office Space in San Francisco has Dropped

For the first time since 2010, the average asking rent for Class A office space in San Francisco’s Central Business District has declined versus the quarter before, slipping 0.9 percent to $70.64 per square foot in the first quarter of the year. That being said, including Class B space,... Read More »

San Francisco Office Rents at All-Time High but Acceleration Slows

San Francisco Office Rents at All-Time High but Acceleration Slows

The average asking rent for office space in San Francisco hit a record high of $68.14 per square foot at the end of 2015, surpassing the dot-com record of $66.00 per square foot set in the fourth quarter of 2000 by 3.2 percent. And at 5.9 percent, the current... Read More »

Oakland Tipped in 2015

Oakland Tipped in 2015

Near the end of 2014 we outlined why Oakland was at a tipping point with respect to demand for office space and growth. As we wrote at the time: “In San Francisco, the demand for office space is at an all-time high and office rents have increased 15 percent... Read More »

San Francisco Office Rents Hit An All-Time High

San Francisco Office Rents Hit An All-Time High

The average asking rent for San Francisco office space hit a record high of $66.71 per square foot at the end of the third quarter, surpassing the previous record of $66.00 per square foot set in the fourth quarter of 2000.  And at 6.0 percent, the current office vacancy... Read More »

Office Rents In S.F. Nearing An All-Time High, Deal Flow Slows

Office Rents In S.F. Nearing An All-Time High, Deal Flow Slows

The net occupancy of office space in San Francisco increased by a nominal 66,000 square feet in the second quarter of the year, the smallest quarterly increase in two years and versus 539,000 square feet of net absorption in the second quarter of 2014. That being said, potential demand... Read More »