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Office Market Report Vacancy is expected to stay low, and supply and demand will remain unbalanced until 2022 or 2023.

SAN FRANCISCO—Office vacancy ticked up 40 basis points in the fourth quarter to 3.2%, while availability increased 180 basis points to 9.6%, according to a fourth quarter report by Newmark Knight Frank. However, demand also increased and still slightly outpaces supply at 8.1 million square feet.

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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