Market Insight Market Statistics & Trends : 1st Quarter 2013

Below is information about the trends in San Francisco Bay Area office space rents, leasing and vacancy rates. To get specific information relative to your needs, request a free office space survey or contact us.

Direct Vacant     Sublet Vacant     Total Vacant
  Direct Vacant Sublet Vacant Total Vacant Total
Vacant (%)
Existing Rentable
Bldg Area
Existing
Bldgs
End 1Q2013 10,226,853 507,133 10,733,986 10.1% 106,123,507 4,426
End 4Q2012 11,112,945 611,863 11,724,808 11.1% 105,804,776 4,429
End 3Q2012 11,560,543 660,660 12,221,203 11.6% 105,670,864 4,442
End 2Q2012 11,510,536 924,593 12,435,129 11.8% 105,268,954 4,443
End 1Q2012 12,888,778 961,238 13,850,016 13.2% 105,232,049 4,443
End 4Q2011 13,528,563 1,074,967 14,603,530 13.9% 105,270,409 4,447
End 3Q2011 13,866,752 1,080,886 14,947,638 14.2% 105,347,190 4,455
End 2Q2011 14,346,025 1,296,104 15,642,129 14.8% 105,420,611 4,461
End 1Q2011 16,001,914 1,172,260 17,174,174 16.1% 106,769,095 4,477
End 4Q2010 16,160,746 1,069,541 17,230,287 16.1% 106,794,241 4,478
End 3Q2010 15,597,420 1,135,805 16,733,225 15.7% 106,485,044 4,476

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Dear Friends, Clients and Colleagues:

I’m not retiring!

Rather, I’ve launched a new career as Founder & CEO of griddig, Inc., the industry’s first online platform for office leasing transactions (bringing efficiency, transparency and collaboration to the leasing process). The company’s impact on our industry will be ground-breaking! My transition from The Space Place/Mihalovich Partners takes place in conjunction with our launch of www.griddig.com as of April 2, 2014. I look forward to seeing all of you on griddig!!

There’s no goodbye going on here. We’ve gone “tech” and are thrilled to launch a business to significantly enhance and accelerate the office leasing process. Hopefully you’ll read great things about us. And…you’ll have an opportunity to become a griddig “customer”!

In the meantime, thank you deeply and sincerely for all of your support, collaboration and friendship for all these years. Please contact me with any questions.

With kindest regards,
Dan Mihalovich
Founder & CEO, griddig
T: 415-231-1200
T: 888-474-3300 (toll free)
C: 415-999-9244
E: dan@griddig.com

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