The vacancy rate in San Francisco's office market remains at a record high level—but it does appear to be leveling off.
According to preliminary data from CBRE, the office vacancy rate in the city ticked up by 0.3% in the second quarter to 37% while the office availability rate rose to 39.4%, also a 0.3% increase over the equally dismal first quarter numbers.
Colin Yasukochi, head of CBRE's Tech Insights Center, described the changes as "incremental" and said they suggest that San Francisco's office market may be approaching stability, the San Francisco Business Times reported.
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