San Francisco office and industrial vacancies crept up a bit in the third recent quarter, though the market is by no means unhealthy.
On the office end, vacancy inched up by 20 basis points, hitting 5.6 percent, according to Kidder Matthews. (A number most cities would be envious of.) Part of the reason for the increase is a demand uptick in Oakland and other surrounding Bay Area locales.
Meanwhile, the industrial sector’s vacancy rate is at four percent, a small increase from its prior 3.8 percent. There was only 82,805 square feet of net absorption in the market, due to a slow leasing period.