June 2018 San Francisco Tenants in the Market Report
The 2nd quarter ends as large blocks of space become scarce, yet interest remains at a high. With tenant requirements 100k+ on the rise, space has all but disappeared with buildings delivering at 100% leased and rare downward movement from the dominating tech tenants currently holding strong in San Francisco.
> There is a total of 180 tenants in the market with more than 6.2 million square feet of office requirements.
> If 100% of tenants filled their needs, it would equate to a net absorption of approximately 3.5 million feet.
> There are 22 tenants from “out of town” touring the San Francisco office market, representing 297,000 square feet of potential growth.
> Technology companies are responsible for more than 54.8 percent of tenant requirements.