Availability declines with tech firms leading demand

In Q3 2025, the total availability rate in the San Francisco office market decreased by 90 basis points (bps) from the prior quarter to 33.6%, with technology firms leading the leasing activity and remaining the key players in the market. In the long run, the decreased availability rate, along with the Federal Reserve’s lowering of interest rates, could enhance the office leasing market by making it more affordable for businesses to secure financing for expansion, leading to increased demand for office space.

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