San Francisco Office Leasing Hits Record Highs as Real Vacancy Nears 15%, Newmark’s Adler Says

San Francisco office leasing has surged to all-time highs in the first half of 2026, and a Newmark building-by-building analysis argues the market's real vacancy is closer to 15 percent than the high-20s figure that has defined its post-pandemic reputation. San Francisco's office market has produced what may be the most remarkable recovery story in […]