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Photo credit: Bisnow Archives/Aswin Mannepalli
San Francisco’s office market continued to perform strongly in Q1 2016. Average vacancy fell 0.2% from Q4 2015 from 7% to 6.8%. Downtown S.F. vacancy was particularly stronger, dropping from 7% last quarter to 6.3% in Q1. CoStar reported vacant sublease space increased, however.
The largest Q1 deal was Verily’s 400k SF sublease of Amgen’s biotech campus in South San Francisco. Airbnb’s 150k SF lease at 999 Brannan St was the second-largest transaction. [CoStar]
