Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SAN FRANCISCO-When the CB Richard Ellis-BT Commercial merger was called off last month, so too, was CB’s chance to quickly control the listings for the most vacant space in the city.

According to recent research by the tenant-representation brokerage firm Mihalovich Partners, CBRE is the fourth largest controller of office space listings in San Francisco with 1.6 million sf or 7.3% of the 20 million sf of vacant space on the market. After its acquisition of Insignia/ESG–the seventh largest controller of office space listings in the city with 887,000 sf or 4.1% of available space–CBRE will control the leasing assignments for 2.49 million sf or 11.4% of available space.

That will put CBRE about 200,000 sf shy of The CAC Group, which controls 2.7 million sf or12.4% of the city’s 20 million sf of available space. Had CBRE’s merger with BT Commercial not been called off last month, it would have been about 200,000 sf ahead of CAC to become the biggest landlord representative in the city.

Regardless, Cushman & Wakefield, currently in second place with listings for 1.83 million sf or 8.4% of all available space, will be bumped to third place, and Colliers International, currently third with 1.64 million sf or 6.5% of vacant space, drops down to fourth place.

Combined, the post-merger top four will control the leasing assignment for 8.66 million sf, nearly 40% of all available space in the city. To cumulate the next 40%, it takes the total listings of those in spots five through 17.

Rounding out the post-merger top 10 are Equity Office Properties (932,822 sf/4.3%), Tishman-Speyer Properties (903,633 sf/4.1%), GVA Whitney Cressman (790,220 sf/3.6%), Grubb & Ellis (777,270 sf/3.6%), Wilson Meany Sullivan LLC (753,275 sf/3.5%) and Catellus Urban Development Corp, (673,548 sf/3.1%).

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.