Office leasing activity throughout the city of San Francisco has all but stopped, with most companies putting any big commercial real estate decisions on hold. Those who do elect to transact are doing so out of necessity. According to San Francisco leasing comps by Transwestern and Kidder Mathews, the largest leases during the second quarter were mostly renewals and San Francisco now has more than 19 million square feet on the market, up from 10 million square feet at the end of 2019.
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