Q3 marked the second consecutive quarter since the onset of the pandemic that San Francisco registered more than one million square feet of leasing volume.
The majority of leasing activity occurred within the North and South Financial Districts, with a combined 1.3 million square feet leased between those two submarkets alone.
Large companies continue to acquire space in San Francisco. Recent signings include Charles Schwab’s renewal at 100 Post (43,000 square feet); Yelp completing a sublease at 350 Mission Street (53,000 square feet); Waymo subleasing Uber’s former space at 555 Market Street (nearly 50,000 square feet); and Pinterest signing the largest lease of the quarter, renewing 85,0000 square feet of space at 651 Brannan Street.