From SocketSite, October 14:
In addition to 5.6 million square feet of directly vacant, un-leased office space spread across the city, which is up from around 3.7 million square feet of un-leased space at the same time last year, there is now 6.2 million square feet of office space in San Francisco which has been leased but is sitting vacant and actively seeking a subletter, which is up from 770,000 square feet of sublettable space at the same time last year, according to Cushman & Wakefield.
As such, there is now 11.8 million square feet of vacant office space spread across San Francisco for a citywide vacancy rate of 14.1 percent, which is up from an office vacancy rate of 9.8 percent at the end of the second quarter and versus a vacancy rate of 5.5 percent, representing 4.5 million square feet of vacant space, at the same time last year....
....MUCH MORE
