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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.

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Q3 Silicon Valley Commercial Real Estate Outlook

Esquire Property Management Group

million square feet recorded in the same period of 2022. Gross absorption, measuring non-renewal leases and user-sales, hit a three-year low at 708,052 square feet in Q3, significantly down from the 2.6 The challenging financial environment continued to impact capital markets, with 10 transactions in Q3 totaling $260.7 million, down 14.7%