2018 Q2 San Francisco Office Knowledge Report

San Francisco experienced a surge of leasing activity during the second quarter of the year which translated into nearly 2.8 million square feet of transactions closing. Technology companies continue to gobble up space in the City and their appetite for space doesn’t seem to be quenched. Four deals closed over 100,000 square feet this quarter and all these deals were companies securing expansion space. The market experienced the largest lease ever signed in San Francisco when Facebook leased all 773,000 square feet at 250 Howard Street (Park Tower). Additionally, Cruise Automation leased nearly 375,000 square feet at three buildings: 301, 333 and 345 Brannan Street. The biopharmaceutical company Nektar Therapeutics expanded by 136,000 square feet at 360 3rd Street.