Real estate: Silicon Valley, East Bay office markets fare better than San Francisco
https://www.siliconvalley.com/2021/05/12/real-estate-silicon-valley-east-bay-office-san-francisco-covid-tech/
SAN JOSE — The Bay Area’s three major office markets have all been weakened by coronavirus-linked ailments, but San Francisco appears to have fared much worse than the markets in the San Jose and Oakland metro areas, commercial real estate surveys show.
Subleases are increasing, vacancy levels are rising, and rents are flat or lower in all three markets — but San Francisco’s office market problems are far more pronounced than is the case for the Oakland area or the South Bay, according to recent reports from two commercial real estate firms, Kidder Mathews and Colliers.