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Commercial Leasing Activity at Record Levels

SAN FRANCISCO—The year to date office leasing activity has already surpassed the total level of 1999, which was the highest in San Francisco commercial real estate history.

By Natalie Dolce | Updated on September 26, 2014

SAN FRANCISCO—Cushman & Wakefield‘s Northern California research team recently released Q3 Office Market Statistics for the city of San Francisco. The report reveals that the San Francisco office market is maintaining the momentum of the previous quarter. Year to Date CBD leasing has reached an impressive 4.5 million square feet, while the third quarter aggregate numbers totaled 1.2 million square feet.  

According to Robert Sammons, Cushman & Wakefield’s Northern California research manager, “It’s very interesting to point out that in 2013, there were 31 class A “Big Block” office spaces available (50,000 square feet and more). This year, there are a mere 13 available.

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