For transactions occurring in Q1 through Q3 2012, the CompStak database contains lease comps for 5.14 MSF of leased office space in San Francisco.* This transaction volume represents market coverage of 61.14% of the total leasing activity for the period.
*For the entire year our database contains 6.4 MSF of office transactions. Data cited compares CompStak total transaction volume by square footage to Cassidy Turley’s report of 8.4 MSF transacted in the first three quarters of 2012. Additionally, Cushman and Wakefield estimated that the total activity in the SF office market for the entire year is 8.1 MSF excluding renewals. Comparing only new leases in the CompStak system to C&W’s data, CompStak covers 56.3% of 2012 office deals.