The chart comes from Loopnet; you can find more like it here. Ideally, the chart would extend back another ten years to encompass the dotcom boom period. I don't have a free source of commercial property data, however, so I have to settle for odds and ends like this chart.Judging from the chart, the office market stabilized early this year, at a level that hardly seems catastrophic -- asking rents have returned roughly to the same level as in 2006, when there wasn't even a whiff of financial crisis. That observation is particularly surprising in light of the fact that San Francisco unemployment was running in the low 4%-range during 2006, and is now close to 10%.
