Your Commercial Real Estate Source in the San Francisco Bay Area
This is the report for the San Francisco Market:
During the third quarter of 2011 the San Francisco regions slowly improving economic fundamentals have contributed to positive net absorption of 197,531 square feet. That compares to 122,845 square feet in the second quarter of 2011.
The Industrial market ended the third quarter with an overall vacancy rate of 6.4%, down from 6.9% in the second quarter of 2011. This result may represent an indication industrial vacancies are stabilizing. The South of Market district leads all major submarkets, with 2,133,118 rentable square feet and a 1.6% vacancy rate; the submarkets vacancy levels are expected to remain low, as some industrial product is expected to be converted to meet demand for creative space.
Similar to the Peninsula Market, we are seeing some stabilization in the industrial markets in the city.