Presidio Trust Commercial Leasing Ends 2023 with 97% Occupancy Rate
SAN FRANCISCO, Feb. 5, 2024 /PRNewswire/ -- Commercial leasing operations in the Presidio of San Francisco closed the 2023 calendar year with an occupancy rate of 97%, surpassing the San Francisco downtown occupancy rate of 65%. The Presidio's total commercial portfolio is 91 buildings with 2.2M SF, with 174 tenants. Demand has been strong due to the attraction of its unique park-like setting, low density environment, and the financial model that gives back—tenants and their customers appreciate that the revenue from leasing operations supports the Presidio as a public national park site, keeping it open and free for all to enjoy.
- SAN FRANCISCO, Feb. 5, 2024 /PRNewswire/ -- Commercial leasing operations in the Presidio of San Francisco closed the 2023 calendar year with an occupancy rate of 97%, surpassing the San Francisco downtown occupancy rate of 65%.
- The Presidio Trust welcomed a diverse slate of tenants in 2023, primarily in the office and educational sectors.
- The Presidio Trust continues to increase its development pipeline, rehabilitating more commercial office space for new tenants and businesses in the coming year.
- To view all leasing opportunities in the Presidio, click here .