According to the San Francisco Business Times, Trent Holsman of CBRE states that available subleasing commercial space has increased by almost 20 percent since early July. (1) CBRE is the world’s largest commercial real estate services and investment firm. Of the over half a million of square feed available for leasing, 20 percent of that is now subleasing space, compared to May, where only 1 percent of the available space was subleasing which is usually significantly discounted over standard leased space.
​​​​​​​Holsman expects more companies to be interested in migrating satellite offices to Oakland from San Francisco utilizing the available subleasing property, and he believes that Oakland is at the peak of the vacancy trend, not expecting it to go any higher, because businesses will be wanting to bring their employees back to the office soon.