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What is the San Francisco Silicon Valley’s Sub-Lease Market Impact on Commercial Property Values in 2025

Esquire Property Management Group

The Sublease Market 2025 is shaping the landscape, with sublease space dropping by 3% in the fourth quarter of 2024, falling below 8 million square feet for the first time since 2022. Sublease opportunities frequently present reduced rates and pre-existing fit outs, rendering them appealing alternatives to direct leasing agreements.

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Q3 Silicon Valley Commercial Real Estate Outlook

Esquire Property Management Group

quarter-over-quarter, might signify a market correction due to low demand and a lack of new leasing activity. The Silicon Valley commercial real estate office development pipeline, totaling 66.4 pre-leased. million square feet recorded in the same period of 2022. million square feet recorded in the same period of 2022.