San Francisco, CA Office Overview
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: 109,039,718 SF
By square footage range:
- 50k to 100k SF: 11,077,269 SF / 10.16% of total office
- 100k to 500k SF: 57,466,675 SF / 52.7% of total office
- 500k to 1M SF: 29,496,824 SF / 27.05% of total office
- > 1M SF: 10,998,950 SF / 10.09% of total office
By class:
- Class A+: 12,328,864 SF / 11.31% of total office
- Class A: 63,739,323 SF / 58.46% of total office
- Class B: 24,621,295 SF / 22.58% 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 | 1,750,000 | 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 | 1,491,019 | 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 |
|---|---|---|---|
| Salesforce Tower | 415 Mission Street, 94105 | 1,420,079 | 2018 |
| 350 Bush Street | 350 Bush Street, 94104 | 383,094 | 2018 |
| 510 Townsend Street | 510 Townsend Street, 94103 | 294,580 | 2018 |
| 100 Hooper - South Building | 100 Hooper Street, 94107 | 232,541 | 2018 |
| 100 Hooper - North Building | 100 Hooper Street, 94107 | 185,659 | 2018 |
| Historic Pier 70 - Buildings 113-116 | 113 20th Street, 94107 | 184,000 | 2018 |
| 505 Brannan Street | 505 Brannan Street, 94107 | 137,446 | 2018 |
| 6X6 | 945 Market Street, 94103 | 264,440 | 2017 |
| 1088-1090 Sansome Street | 1090 Sansome Street, 94111 | 62,668 | 2017 |
| 135 Townsend Street | 135 Townsend Street, 94107 | 51,390 | 2017 |
San Francisco, CA Green Office Space
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 Population864,263
- Male Population(51.0 %) 440,633
- Female Population(49.0 %) 423,630
- Median Age38.30
Income/Financial
- Average Household Income$137,761
- Median Household Income$96,265
- Median Income Under 25$50,275
- Median Income 25-44$131,754
- Median Income 45-64$93,774
- Median Income Over 65$44,839
- Anza Vista Demographics
- Bayview Demographics
- Bernal Heights Demographics
- Candlestick Point Demographics
- Central Waterfront - Dogpatch Demographics
- Cow Hollow Demographics
- Downtown District 8 - North East Demographics
- Duboce Triangle Demographics
- Financial District - Barbary Coast Demographics
- Forest Knolls Demographics
- Hayes Valley Demographics
- Hunters Point Demographics
- Inner Mission Demographics
- Inner Sunset Demographics
- Lower Pacific Heights Demographics
- Mission Bay Demographics
- North Panhandle Demographics
- North Waterfront Demographics
- Pacific Heights Demographics
- Potrero Hill Demographics
- Presidio Demographics
- Russian Hill Demographics
- South Beach Demographics
- South of Market Demographics
- Telegraph Hill Demographics
- Tenderloin Demographics
- Van Ness - Civic Center Demographics
- Yerba Buena Demographics
News
2019 US Office Pipeline – NYC, the Bay Area and San Francisco Set to Deliver 33 MSF of Office Space
April 10, 2019
Since 2009, the U.S. economy has had more than 110 consecutive months of growth, making this the second longest economic expansion since the Great Depression. After a rather tepid 2017 performance, the U.S. office market gathered some steam in 2018, adding 76 million square feet of new office sp...
2018 California Office Sales Report—LA, SF on Cooldown, Stability in the Bay Area and Orange County Markets
March 18, 2019
More than 55MSF changed hands across California office markets in 2018, totaling over $20B in sales. Cooler trends prevailed, as sales slowed and markets saw more stability throughout the year. Development was driven by the tech sector and construction is decidedly getting greener.
Founded in1982, launched as an REIT on the NYSE in 1993. The S&P 500 company now employs 4,000 people and manages over 20 million square feet of office and retail space in key markets.
Cities near San Francisco, CA
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San Francisco, CA zip codes
- 94102 Office Space
- 94103 Office Space
- 94104 Office Space
- 94105 Office Space
- 94107 Office Space
- 94108 Office Space
- 94109 Office Space
- 94110 Office Space
- 94111 Office Space
- 94112 Office Space
- 94114 Office Space
- 94115 Office Space
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- 94118 Office Space
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- 94129 Office Space
- 94130 Office Space
- 94131 Office Space
- 94132 Office Space
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Neighborhoods
- Anza Vista Office Space
- Bayview Office Space
- Bernal Heights Office Space
- Candlestick Point Office Space
- Central Waterfront - Dogpatch Office Space
- Cow Hollow Office Space
- Downtown District 8 - North East Office Space
- Duboce Triangle Office Space
- Financial District - Barbary Coast Office Space
- Forest Knolls Office Space
- Hayes Valley Office Space
- Hunters Point Office Space
- Inner Mission Office Space
- Inner Sunset Office Space
- Jordan Park - Laurel Heights Office Space
- Lakeside Office Space
- Lower Pacific Heights Office Space
- Mission Bay Office Space
- North Panhandle Office Space
- North Waterfront Office Space
- Pacific Heights Office Space
- Potrero Hill Office Space
- Presidio Office Space
- Russian Hill Office Space
- South Beach Office Space
- South of Market Office Space
- Telegraph Hill Office Space
- Tenderloin Office Space
- Van Ness - Civic Center Office Space
- Yerba Buena Office Space
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Cities near San Francisco, CA
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- Corte Madera Commercial Real Estate
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- Emeryville City Commercial Real Estate
- Greenbrae Town Commercial Real Estate
- Larkspur Commercial Real Estate
- Marin City Commercial Real Estate
- Mill Valley Commercial Real Estate
- Millbrae Commercial Real Estate
- Millbrae City Commercial Real Estate
- North Richmond Commercial Real Estate
- Richmond Commercial Real Estate
- San Bruno Commercial Real Estate
- Sausalito Commercial Real Estate
- South San Francisco Commercial Real Estate
- Strawberry Commercial Real Estate
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