Commercial Real Estate
The purpose of the Economy scorecard is to provide the public, elected officials, and City staff with a current snapshot of San Francisco’s economy. This scorecard presents timely information on economy-wide employment indicators, real estate and tourism.
The Commercial Real Estate summary provides a quarterly view of three primary commercial real estate indicators, office vacancy rates, office space net absorption, and direct average asking rent. The first chart shows office vacancy rate, which represents the percentage of available rental units, and net absorption, which represents the net change in occupied rental space between measurement periods. The second chart shows direct average asking rents for office real estate. This figure averages asking rents from the A, B, and C Classes of office space. These Classes rank space from highest to lowest quality, respectively.
OFFICE VACANCY RATE, NET ABSORPTION, AND ASKING RENTS
Commercial Real Estate data comes from Jones Lang LaSalle.
Please email with any questions or requests relating to this data.