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.
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.