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A look into the San Francisco office market with Savills

CompStak has partnered with Savills to bring exclusive insights into the evolving landscape of San Francisco’s office market. Our joint research report dives into the seismic shifts reshaping the tech epicenter.

Download the report to explore:

  • Leasing Activity: Artificial Intelligence (AI) leasing is a new and welcome source of tenant demand, but AI alone will not be enough to reduce vacancy rates back to pre-pandemic levels, at least in the near term;  
  • Employment Trends: Tech employment in San Francisco has notably increased from its pre-pandemic total in a marked difference from other major markets in a positive trend for the market;
  • Lease Expirations: More than 30% of San Francisco‚Äôs leased office space will expire from 2024-2025 in a substantial headwind for office landlords;
  • Loan Maturities: Office loan distress is expected to rise even more in 2024 in San Francisco, which may put downward pressure on asking and effective rental rates.

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