San Francisco leasing activity reaches new heights

The San Francisco office market recorded another exceptional quarter, with leasing activity reaching 4.1 million square feet (msf) in Q2 2026. This brought year-to-date leasing volume to 7.9 msf, marking one of the strongest six-month periods since the onset of the pandemic. Record levels of venture capital investment, particularly within the technology and AI sectors strengthened leasing fundamentals. As startups deployed new funding toward hiring and expansion, well-capitalized firms are increasingly leasing premium office space to accommodate growth, driving demand across the market. This momentum accelerated the market’s recovery, with leasing activity concentrated in high-quality Class A assets and top-performing submarkets where AI companies fueled demand for premium workspace.

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