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The San Francisco office market’s indicators exhibited
mixed signs over the fourth quarter: slow investment sale activity, moderate
leasing activity, healthy absorption growth, and accelerated rents. While
the impact of the credit crunch threatened the success of the City’s financial
industry, Tech companies continued to capture venture capital interest.
Downtown San Francisco’s office market of 529 buildings posted 503,674
sq. ft. of positive absorption in the fourth quarter, bringing the total
for the year to 1,665,275 sq. ft. Absorption gains enabled overall vacancy
to shed 60 basis points to 9.9 percent, from the 10.5 percent reported
last quarter. More notable is that vacancy rates dipped below the ten percent
"tipping point" historically known for escalating rental rates.
Contact Tove Nilsen at 415.288.7827 for more information.
  Q4 2007- The Knowledge Report_email.pdf
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