Newmark：2025年第二季度北半岛房地产市场报告（英文版）

The region recorded its third consecutive quarter of negative absorption, with 239,000 SF in the second quarter of 2025, driven primarily by a portion of Meta’s sublease in Burlingame being placed on the market. Omitting this sublease from the numbers would have resulted in positive net absorption of 148,000 SF for the quarter. Gross absorption totaled 711,000 SF, marking a modest 4.0% decline quarter-over-quarter. Leasing from AI companies surged this quarter, comprising 13.3% of total new l