Colliers International Tenants in the Market Report — August 2017

Large deals continue to percolate and excite the downtown San Francisco market.

Concerns over large deliveries and a slowing market seems to have calmed: Salesforce Tower is now over 90% leased with WeWork recently taking over 76,000 SF, 181 Fremont might not even see more than one tenant for a decade, and the rumors have started about large blocks of space being considered at an already 50% leased 350 Bush Street.

Key Takeaways

  • There is a total of 235 tenants in the market with more than 6.5 million square feet of office requirements.
  • If 100% of tenants filled their needs, it would equate to a net absorption of approximately 3.4 million feet.
  • There are 26 tenants from “out of town” touring the San Francisco office market, representing 950,500 square feet of potential growth.
  • Technology companies are responsible for more than 52 percent of tenant requirements.

Continue reading the report here