CBRE: San Francisco Office Construction Deliveries Expect to Boost New Absorption

CBRE, San Francisco, Bay Area, CBRE Research


Almost all of the 2.2 million sq. ft. of new construction expected to complete in 2016 is pre-leased, which will contribute significant absorption gains to the market as these tenants occupy. As a result, there will be limited new supply opportunities. Depending on pre-leasing activity in the coming months, supply relief should hit the market in 2017, with 4 million sq. ft. of currently available supply anticipated to deliver in 2017 and beyond.

Source: CBRE Research

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