Vacancy rates rise in San Francisco

Associated Press

Here's a look at current vacancy rates in San Francisco's commercial real estate market, and space expected to be open within the next year.

• Office space currently vacant: 8.57 million square feet, up 232 percent from 3.69 million three months ago.

• Expected office space available one year from now: 13.59 million square feet, up 69 percent from 8.03 million three months ago.

• Top five U.S. cities with the overall highest asking rents per square foot as of the first quarter 2001:

1. San Francisco $62.04
2. Midtown New York $56.98
3. Boston $53.33
4. San Jose $50.64
5. Downtown New York $43.73

• Top five U.S. cities with least amount of vacant office space as of the first quarter 2001: Numbers refer to percentage of available space.

1. Downtown San Jose 2.4 percent
2. Washington, D.C. 4.3 percent
3. Downtown New York 4.8 percent
4. Midtown New York 4.8 percent
5. Boston 5.3 percent
6. Midtown South New York 5.8 percent
7. Portland, Ore. 6.1 percent
8. San Francisco 6.7 percent