Sustained demand puts office leasing on pace for a standout yeart

San Francisco’s office market maintained strong leasing momentum in Q3 2026, recording 3.9 million square feet (msf) of leasing activity, up approximately 77.3% year over year from 2.2 msf. While volume moderated from the exceptional 4.4 msf recorded last quarter, year-to-date leasing reached 12.1 msf through the first three quarters of 2026, compared with 8.1 msf during the same period last year, putting the market on pace for one of its strongest leasing years in decades. AI and technology firms remained key drivers of activity, reflecting a growing commitment to San Francisco among both emerging and established occupiers. Rapidly growing companies continue to prioritize speed-to-occupancy, driving demand for furnished, move-in-ready space that can accommodate near-term growth.

Read the full report