The epicenter of the office reset, now stabilizing on AI-driven leasing demand, while multifamily and retail in the core work back from cyclical lows.
The San Francisco commercial real estate market is navigating a complex landscape characterized by shifting demand dynamics and evolving tenant preferences. While certain sectors face headwinds, particularly in office space, others, such as logistics and life sciences, continue to attract interest from investors seeking resilience. Capital flows are increasingly cautious, with lenders adopting a more selective approach, reflecting broader economic uncertainties and a recalibration of risk appetites among allocators.
Items added to the wire per week · last 12 weeks
Nearly a Century in the Goode Family, San Bruno Avenue Parcel Now Offered as Covered Land Play A fully leased pocket of San Francisco's Mission District has come to market with a pitch that leans as much on what could…
WareSpace has entered the Bay Area with a $16.05 million purchase of a 1965 warehouse at 161 Starlite St. in South San Francisco, passing over the residential upside the site was marketed on in favor of 86 small suite…
A Board of Supervisors committee has forwarded Board President Rafael Mandelman's overhaul of the green building chapter that governs San Francisco's own facilities, a rewrite that would trim paperwork on small jobs,…
TMG Partners has acquired Skyport Plaza, a 435,000-square-foot office and retail complex located at 1650 Technology Dr., 1700 Technology Dr., 50 Skyport Dr. and 90 Skyport Dr. in San Jose. TMG Partners acquired the as…
Prologis' third-quarter results show its Bay Area and Central Valley warehouses running near full while the company pushes deeper into data centers in San Jose, a bet that the artificial intelligence build-out will ke…
Two empty office towers in North San Jose formerly occupied by Qualcomm have found a buyer and a tenant at the same time. A developer bought the property for about half the average price of Silicon Valley office sales…
Nearly a Century in the Goode Family, San Bruno Avenue Parcel Now Offered as Covered Land Play A fully leased pocket of San Francisco's Mission District has come to market with a pitch that leans as much on what could…
WareSpace has entered the Bay Area with a $16.05 million purchase of a 1965 warehouse at 161 Starlite St. in South San Francisco, passing over the residential upside the site was marketed on in favor of 86 small suite…
A Board of Supervisors committee has forwarded Board President Rafael Mandelman's overhaul of the green building chapter that governs San Francisco's own facilities, a rewrite that would trim paperwork on small jobs,…
TMG Partners has acquired Skyport Plaza, a 435,000-square-foot office and retail complex located at 1650 Technology Dr., 1700 Technology Dr., 50 Skyport Dr. and 90 Skyport Dr. in San Jose. TMG Partners acquired the as…
Prologis' third-quarter results show its Bay Area and Central Valley warehouses running near full while the company pushes deeper into data centers in San Jose, a bet that the artificial intelligence build-out will ke…
Two empty office towers in North San Jose formerly occupied by Qualcomm have found a buyer and a tenant at the same time. A developer bought the property for about half the average price of Silicon Valley office sales…
San Francisco investor Cannae Partners scooped up the vacant, lab-equipped 1155 Bryant St. in Showplace Square for roughly $8.4 million, a 54 percent haircut from its 2020 price, as the firm assembles a portfolio aime…
Three years after Nordstrom pulled both of its downtown San Francisco stores, the retailer is bringing its off-price Nordstrom Rack brand back to Union Square with a lease for roughly 51,000 square feet at 2 Stockton…
With three of the third quarter's six leases of 100,000 square feet or more landing in South of Market, San Francisco's biggest office deals are shifting away from the South Financial District, with South of Market le…
As fast-growing AI and tech companies jump from 16,000- and 25,000-square-foot suites into full SOMA buildings, CBRE's Q3 2026 San Francisco office report shows nearly half of the city's 8.4 million square feet of ten…
San Francisco office buildings drew 12.2 percent more visits in September than a year earlier, the fastest annual gain of any major U.S. market in Placer.ai's latest office index, as an AI-driven leasing surge helped…
Swedish investment giant EQT AB has agreed to buy San Francisco-based Stockbridge for $375 million in cash plus up to $175 million in performance earnouts, folding a 23-year-old U.S. manager with $27 billion in gross…
Institutional Property Advisors (IPA), a division of Marcus & Millichap, closed the sale of The Grad San Jose, a 260-unit, 1,035-bed, purpose-built student housing asset near San Jose State University, where enrollmen…
The San Francisco Recovery Fund has formally asked city planners to rework the stalled Oceanwide Center approvals at First and Mission streets, trading the original mixed-use First Street tower for a roughly 1.5 milli…
SAN JOSE, CALIF. — A joint venture between Coastal Ridge Real Estate and Brookfield has purchased The Grand San Jose, a purpose-built 19-story student housing asset near San Jose State University, from AMCAL, Swenson…
Two seasoned executives join Pacaso's leadership team to accelerate marketing reach and expand the company's global acquisitions and capital markets strategy SAN FRANCISCO, Oct. 15, 2026 /PRNewswire/ -- Pacaso, the le…
The $48 million CMBS loan on the lower eight floors of 1155 Market Street has been liquidated with nothing returned to principal, after the former city-leased office space sold for about $8.1 million and liquidation c…
San Francisco office landlords are pricing their remaining large blocks like a seller's market again, driving Mission Bay/China Basin asking rents to a record and pushing South of Market rates up by nearly a third in…
San Jose is moving to hand the Arena Hotel, the 90-room interim shelter it bought with state Homekey and Measure E money in 2022, to Episcopal Community Services of San Francisco for conversion into permanent housing,…
Healthy customer demand supports continued momentum SAN FRANCISCO, Oct. 15, 2026 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD) today announced results for the quarter ended September 30, 2026. Net earnings per diluted sh…
The Port of Redwood City has released a Draft Environmental Impact Report for a proposed ferry terminal and 9.2-acre waterfront redevelopment that would link the Mid-Peninsula to San Francisco and Oakland by water, an…
One South Market sold at about 46.5 percent above Marcus & Millichap’s South Bay average per-unit price, while Yardi Matrix reports that only 283 new apartments were completed in San Jose through May. An affiliate of…
Kennedy Wilso has closed on a three-party joint venture with Hulic Co., Ltd. and Fuyo General Lease (USA) Inc. to acquire One South Market, a 312-unit multifamily community in downtown San Jose, for $176 million. The…
For the first time since 2022, institutional buyers account for more than half of San Francisco's office investment volume this year, according to CBRE's Q3 2026 San Francisco office report, while private buyers have…
Novogradac to Host 2026 Housing Tax Credit Finance Conference, Dec. 3-4 in Las Vegas SAN FRANCISCO, Oct. 14, 2026 /PRNewswire/ -- Affordable housing industry leaders will gather in Las Vegas to reflect on the developm…
SoMa West's 19.1 percent office vacancy sits well below San Francisco's citywide rate, but 34.8 percent of its space is being marketed for lease, a 15.7-point gap that is the widest of any submarket Colliers tracks an…
San Francisco food truck operator Spark Social will open a 75,000-square-foot outdoor venue in San Jose's Creekside District on Oct. 9, a $1 million bet on a slice of Google's stalled Downtown West site that arrives s…
SAN JOSE, Calif., Oct. 13, 2026 /PRNewswire/ -- MSI showcases its open data center and AI infrastructure at the 2026 OCP Global Summit (Booth #A49), led by new 21-inch ORv3 systems and DC-MHS modular building blocks,…
Manna Capital files plans for a 45-story, 528-unit tower at 1601 Mission St. in San Francisco, replacing the Tower Car Wash with 80 affordable units. The post Manna Capital Files Plans for 45-Story, 528-Unit Tower at…
The owner of a 287,371-square-foot North San Jose tech campus leased in part to Archer Aviation has defaulted on an $80 million loan that matured in August. The post Archer Aviation-Leased Tech Campus in North San Jos…
AI company Sierra leased another 93,000 square feet at 185 Berry in Mission Bay, bringing its footprint in the building close to 350,000 square feet. The post Sierra Adds 93,000 SQFT in San Francisco’s Mission Bay, Pu…
A new Savills and CompStak report finds that AI companies leased 2.9 million square feet of San Francisco office space in the first half of 2026, more than in any previous full year, as the sector traded discounted su…
Blue Rise Ventures and capital partner Blue Owl Capital have finished the shell of 2000 Trade Zone, a four-story, 136,600-square-foot research and advanced manufacturing building on STACK Infrastructure's North San Jo…
An eight-story historic office building on Market Street owned by an affiliate of Tokyo-based Digital Garage has been put up for sale roughly one-third leased, testing how much investors and owner-users will pay for l…
CBRE said Monday that Andrew Eisenberg has been promoted to managing director and market leader of the firm’s Palo Alto and Burlingame offices. He succeeds Steffen Kammerer, who assumed leadership of CBRE’s Advi…
Marcus & Millichap expects 1.3 million square feet of office completions in the San Jose metro this year, all of it tied to Google's owner-occupied Caribbean campus in Sunnyvale, with no meaningful projects under cons…
Class A office vacancy in the San Jose metro fell 340 basis points in a year to 17.3 percent, slipping beneath the segment's 18 percent historical average, while Class B and C space improved just 80 basis points and s…
A Milpitas investment firm that paid $6.5 million for an aging two-story office building on Stevens Creek Boulevard in 2025 has filed early plans to replace it with a 110-unit, seven-story apartment building, adding a…