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Mixed Signals On The Office Market Recovery

May 19, 2021 | Posted by Jeff Weil | California Economics, Commercial Real Estate, Commercial Tenant Improvement Contractor, Employment, Newsletter, Office Furniture, Office Furniture Vendors, Office Space, Pandemic, Real Estate Landlords, Sublease, Technology, The Office Market, Tips for Tenants, Trends, Trends for Office Tenants, U.S. Economics, Working From Home, Workspace, World Economy |

On the one hand we are hearing about major tech companies announcing a phased return-to-the-office,  with announcements by most of the big boys like Facebook, Salesforce and Google. On the other hand, Airbnb just announced today it was expanding its sublease inventory to 438,000 square feet,  which adds 287,000 square feet to its previous space put on the sublease market.  There have been several 100-200,000 square foot office leases and subleases signed during just the past few weeks in San Francisco but with an inventory of 9.5 million (and growing) square feet of office space for sublease, this region of the world is not yet seeing a market recovery.

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Jeffrey Weil, CCIM, MCR.h, SIOR

Executive Vice President
San Francisco Bay Area
1850 Mt. Diablo Blvd., Suite 200
Walnut Creek, Ca 94507
CA Lic. 00786195
Phone: +1 925 279 5590
License #: CA-00786195
Email: jeff.weil@colliers.com

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  • Jeffrey Weil
  • Colliers International
  • 1850 Mt. Diablo Blvd., Suite 200
  • +1 (925) 279 5590
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Contact Information

  • Jeffrey Weil
  • Colliers International
  • 1850 Mount Diablo Blvd., suite 200
  • CA Lic. 00786195
  • +1 (925) 279 5590
  • jeff.weil@colliers.com
  • www.officetimes.com

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