San Francisco Peninsula office market reports

Q1 2024


Peninsula remote job postings continue to show decrease

The percentage share of overall remote job postings for the San Francisco Peninsula decreased from 16.8% to 12.6% quarter-over-quarter, pointing to a continued trend of return-to-office.


Trophy/Class A vacancy on the rise for fifth straight quarter

While both Class B and Class C product has remained relatively stable over the past year, Trophy and Class A vacancies have continued to rise for the fifth straight quarter.

425k sf

Q1 leasing activity remains below pre-pandemic figures

Overall leasing activity continues to fall well below the 5-year pre-COVID average, as many companies continue right-sizing initiatives.

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