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Office Space for Rent in San Francisco, CA - 1,001 Listings

San Francisco, CA - Office Space for Lease

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San Francisco, CA Office Overview

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Notable San Francisco real estate scenes include the Downtown Business District, Financial District, and Mission Bay office space submarkets. With a metropolitan population of over 1.6 million people, the San Francisco commercial real estate market is driven by demand from white collar employers in the technology, financial services, and tourism industries.

As of mid-2017, the Greater San Francisco office market encompasses over 85 million square feet of existing office space in properties larger than 50,000 square feet. As the cultural, financial and commercial core of Northern California, the office market in San Francisco consistently sees robust demand from the diverse amount of business and industry that call the San Francisco Bay Area home.

San Francisco, CA Office Inventory Description

San Francisco is a major global tourist destination, a main banking & financial center, and has an expanding base of high-technology business. With a gross metropolitan product of over $185 billion annually, the demand for white collar office space is incredibly strong. Nearly 74% of the office space in San Francisco is Class A, with Class B space accounting for 26% of the San Francisco office inventory.

The Downtown Business District, Bayview, and Presidio Heights office submarkets are just three of the most in-demand areas for Class A office space in San Francisco. Within their boundaries, world-class trophy properties such as the historic Phelan Building, the Bayshore Business Center, and the four-building Letterman Digital Arts Center can be found.

San Francisco, CA Commercial Inventory Breakdown

Office Spaces

Total: 108,077,467 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail

By square footage range:

  • 50k to 100k SF: 10,978,634 SF / 10.16% of total office
  • 100k to 500k SF: 56,484,133 SF / 52.26% of total office
  • 500k to 1M SF: 29,388,206 SF / 27.19% of total office
  • > 1M SF: 11,226,494 SF / 10.39% of total office

By class:

  • Class A+: 12,944,098 SF / 11.98% of total office
  • Class A: 60,903,997 SF / 56.35% of total office
  • Class B: 24,342,695 SF / 22.52% of total office
  • Class C: 323,706 SF / 0.3% of total office

Top 10 Largest Office Buildings

in San Francisco

Office building Address Sqft Year built
Pier 70 SEC 20th Street & Illinois Street, 94107 2,000,000 n/a
555 California Street 555 California Street, 94104 1,507,000 1969
PG&E Headquarters 245 Market Street, 94105 1,495,365 1971
First Street Tower of Oceanwide Center 50 1st Street, 94105 1,468,563 2021
Salesforce Tower 415 Mission Street, 94105 1,420,079 2018
101 California 101 California Street, 94111 1,251,454 1983
525 Market Street 525 Market Street, 94105 1,058,200 1973
1455 Market Street 1455 Market Street, 94103 1,025,833 1979
One Market Plaza - Spear Tower 1 Market Street, 94105 977,844 1979
Flower Mart Office III SWC Brannan Street & 5th Street, 94107 945,650 n/a

Most Recently-Built Office Buildings

in San Francisco

Office building Address Sqft Year built
1088-1090 Sansome Street 1090 Sansome Street, 94111 62,668 2017
135 Townsend Street 135 Townsend Street, 94107 51,390 2017
Bay Area Metro Center 375 Beale Street, 94105 535,580 2016
270 Brannan Street 270 Brannan Street, 94107 182,000 2016
345 Brannan Street 345 Brannan Street, 94107 102,285 2016
500 Pine Street 500 Pine Street, 94108 56,741 2016
1563 Mission Street 1563 Mission Street, 94103 50,000 2016
1125 Mission Street 1125 Mission Street, 94103 40,000 2016
350 Mission Street 350 Mission Street, 94105 455,340 2015
222 Second Street 222 2nd Street, 94105 452,418 2015

San Francisco, CA Green Office Space

Employment

Of the Top 30 Green Office Markets in the U.S., San Francisco ranks #2 for energy efficient office buildings. Over 8% of the office buildings larger than 50,000 square feet are LEED certified, over 17% rank as Energy Star Certified and over 20% are recognized as green buildings.

The 795 Folsom Street Building in the Yerba Buena neighborhood of San Francisco is a beautiful example of a LEED Gold-certified building. Originally built in 1979, this 183,444-square- foot property offers the creative office space that San Francisco's tenants demand. As more investors seek out green certified office assets, this trend will continue to grow in San Francisco.

The 2017 National Green Building Adoption Index looked at commercial office properties in 30 major U.S. markets and found that, including EPA Energy Star-labeled buildings, the percentage of green certification has increased from just under 5% in 2005 to 38% as of mid-2017. San Francisco has placed second in this survey.

San Francisco, CA's Top Office-Using Sectors

The diversified service economy of San Francisco is driven by the financial services, tourism, high-technology, and biotechnology & medical research industries. All of these sectors help contribute to the dynamic demand for Class A office space in San Francisco.

  • Financial Services – Wells Fargo and the Federal Reserve Bank of San Francisco are headquartered in San Francisco, and Bank of America constructed the landmark office building at 555 California Street for its world headquarters.
  • Tourism – Tourism and related service business benefit from the nearly 20 million visitors and $12 billion in annual visitor-related revenue that is added to the economy each year. The world-class Moscone Convention Center attracts business from around the world and contributes to the demand for Class A office space in Downtown San Francisco.
  • High-Technology & Biotechnology – The high-tech and biotech industries are important users of SF office space, with companies such as the Gladstone Institute, the California Institute for Regenerative Medicine and the California Institute for Quantitative Biosciences all calling the Bay Area home.
  • Corporate Offices – The demand for while collar office space in San Francisco also comes for numerous corporate office users such as Uber, Union Bank, Airbnb, and Salesforce.

San Francisco Demographics

Population

  • Total Population840,763
  • Male Population(50.9 %) 427,909
  • Female Population(49.1 %) 412,854
  • Median Age38.50

Income/Financial

  • Average Household Income$119,406
  • Median Household Income$81,294
  • Median Income Under 25$32,908
  • Median Income 25-44$109,773
  • Median Income 45-64$81,102
  • Median Income Over 65$40,546

News

The transactions that closed across the six California office markets we analyzed totaled nearly $5 billion in sales. The quarter marked a 36% increase compared to Q1, however, the sales volume dropped 12% year-over-year.

In terms of office sales, Los Angeles was the most active California market we analyzed, wrapping up Q1 with a $1.3 billion total. Bay Area office sales raked in $800 million in 13 transactions, which encompassed over 2 million square feet of inventory. Even though Sacramento came in third, this...

The past few decades have seen commercial real estate become the fourth asset class, joining stocks, bonds, and cash on the radar of institutional investors. A 2015 NAIOP analysis set out to backtrack the path of CRE from alternative investment status to trustworthy portfolio asset, while provid...