San Francisco Peninsula office market reports

Q1 2023

The San Francisco Peninsula continues to find its footing post-COVID due to a diverse office inventory. Lower vacancy rates have allowed landlords to keep their rents competitive, while leasing activity remains stable due to larger companies opting to establish their headquarters in suburban submarkets. Despite this, the peninsula has not found itself to be immune to the overall effects of the economy, with several big-name tenants opting to consolidate their surplus office space in order to cut costs.

Direct asking rents

Direct asking rents climb above pre-Covid levels.


Sublease space

Class A sublease space hits the market.


Leasing activity

Leasing activity remains below pre-pandemic levels. 


Your source for the latest San Francisco Peninsula office market reports

Get in-depth office market reports and insights from commercial real estate experts in the Greater San Francisco Peninsula area. Avison Young advisors look at San Mateo commercial real estate activities and the latest San Mateo statistics to provide you expert market research on San Francisco Peninsula's office properties.

Explore different topics like the latest office market pricing trends and analysis of San Francisco Peninsula's current office real estate market conditions. Gain a better understanding of San Francisco Peninsula’s office real estate outlook and stay ahead of current office space trends. Make smart decisions when it comes to investing in office properties in San Francisco Peninsula's competitive office real estate market. Avison Young is your trusted source for commercial real estate office market insights in San Francisco Peninsula.

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