San Francisco, CA Market Report

While traditional office vacancy in San Francisco exceeds 22%, medical office tells a completely different story — vacancy sits at just 10.6%, with single-story buildings even tighter at 8%. Rents have climbed to $55.10 per square foot full service, and with only 245,000 square feet under construction, the limited pipeline means healthcare providers who act now have the best shot at favorable terms before the market tightens further.