"The South Bay office vacancy rate improved to 15.9% during the second quarter of 2025, down from 16.4% in the first quarter, due to notable leases."
"Oakland's downtown office market saw a rise in vacancies, reaching 29.1% in the second quarter of 2025, an increase from 28.2% in the prior quarter."
"San Francisco's office vacancy rate worsened to 31.2% in the second quarter of 2025, up from 30.6% in the first quarter, with nearly a third of spaces empty."
"Meek tenant activity and limited leasing demand contributed to the downgrading conditions in Oakland, while San Francisco's situation reflects ongoing moderated market pressure."
In the second quarter of 2025, the South Bay office vacancy rate decreased to 15.9%, an improvement over the previous 16.4%. This positive trend followed significant office leases that filled vacant spaces. In contrast, Oakland's downtown office market experienced a rise in vacancy to 29.1%, up from 28.2%, due to weak tenant activity and muted demand. San Francisco's office vacancy further deteriorated to 31.2%, compared to 30.6% in the first quarter, indicating sustained pressures in the market. Nearly one-third of San Francisco's office spaces remain unoccupied.
Read at www.mercurynews.com
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