Juicebox and Newmark Show Software and Tech Dominate Talent Searches in San Francisco, With Office Leasing Tracking Toward 30-Year High
Business Wire•05/10/2026•10:00 ET
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Key Highlights
- ➤San Francisco office leasing reached 7.9 million square feet, up 37% year over year
- ➤Annual leasing pace projected at 15.9 million square feet, potentially a 30-year high
- ➤Average lease size reached 20,388 square feet, highest since 2019
- ➤Software comprised 27% of San Francisco talent searches, over four times Financial Services
- ➤Tech and AI expansion leasing reached roughly 390,000 square feet in six months
Expert Statements
David Paffenholz, Co-founder and CEO of Juicebox
“There’s been so much speculation about San Francisco’s recovery, but when you’re building a company here, the momentum is something you can feel. The data from Juicebox and contributions from Newmark validate a shift we’ve been seeing for some time. We expect hiring demand to continue growing, not only in software development but across go-to-market and operational roles, as well as industries beyond traditional tech.”
Maurice “Mo” Spikes, Senior Managing Director at Newmark
“The office recovery is showing up in both the amount of space companies are leasing and how they solve for flexibility as they plan for growth. We’re largely seeing companies seek space that they can move into quickly, with room to expand as their teams scale. As high-quality, built-out space becomes harder to find, planning ahead is becoming more important, particularly for companies thinking about scalability from day one.”
Juicebox and Newmark Show Software and Tech Dominate Talent Searches in San Francisco, With Office Leasing Tracking Toward 30-Year High
Juicebox issues report with Newmark’s participation, finding software developers remain San Francisco's most-searched talent, as office leasing jumps 37% and companies sign larger leases.
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