News
San Francisco Office

JLL: Don’t Fear San Francisco’s Current Sublease Vacancy

Photo credit: Courtesy of JLL

Sublease vacancy in San Francisco reached 1.1M SF during the last quarter, according to JLL data. Comparatively, the cyclical low was 500k SF in 2012. Recent vacancy is a far cry from the 5M SF of sublease vacancy in 2001 when the tech bubble burst. Sublease vacancy reached only 1.5M SF during the last recession.

Sublease availability has hovered around 2M SF throughout this year compared to 1.5M during 2015. The tech sector makes up most of the sublease space available and offers tenants plug-and-play short-term options. Twitter's sublease of about 184k SF is among the largest available, but JLL expects it to go quickly since it’s one of the best creative office options on the market.

Continue reading this story with a free account

Log in or register
Related Topics: JLL, San Francisco
Sign up for more articles like this
Subscribe to Bisnow's San Francisco Newsletters
Related Stories

JVP Development Is Betting $37M Of Its Own Money That Frisco Is Ready For Spec Office

Hedge Fund Bids $88M For Spirit Airlines' Former HQ

Oyster Point's Second Phase Half-Leased As Kilroy Navigates Soft Lab Demand

BXP Closes In On Next D.C. Office Development As It Shrinks Assets

Clarion Under Contract To Sell 18-Story Seaport Office Tower

Oil Company Expands Again At Cash Register Building

BXP's 343 Madison Lands $1.2B Loan, Nears Deal With Equity Partner

D.C. Sues To Block HUD Headquarters Move To Virginia

Ken Griffin Completes Takeover Of Brickell Block, Setting Stage For $2.5B Megaproject

Private Equity Firm Buys Former Texas Instruments Campus For New Headquarters

DFW Office Footprints Likely To Shrink As AI Use Increases And Companies Battle For Talent

Boston Waterfront Property Planned For Hotel Project Put Up For Sale