Nigel Hughes is the Senior Director of Market Analytics at CoStar and Homes.com, where he leads analysis of commercial and residential real estate across the San Francisco Bay Area. He produces data-driven reports and news coverage on leasing, invest...
Nigel Hughes is the Senior Director of Market Analytics at CoStar and Homes.com, where he leads analysis of commercial and residential real estate across the San Francisco Bay Area. He produces data-driven reports and news coverage on leasing, investment, construction, and property performance across all major asset classes, and tracks trends in home prices, rents, supply, and demand. With a degree in economics from Middlesex University and more than two decades of experience in real estate research and consulting in the United States, the United Kingdom, and Australia, he advises investors, developers, and corporate occupiers on market conditions, capital deployment, and portfolio strategy.
San Francisco’s office market entered 2026 with renewed strength, as leasing activity accelerated across the metro area following solid gains through late 2025. Newly signed deals and rising touring ...
San Jose’s multifamily investment market entered 2026 with strong acquisition activity continuing from 2025. Elevated sales activity last year was supported by improving renter demand, tight supply ...
San Jose’s office market is gaining momentum in early 2026 as tech and artificial intelligence firms drive a rebound in leasing activity following several years of volatility. New commitments from ...
San Francisco’s multifamily market continued its strong upward trajectory in February, with rents accelerating as the city experiences one of its tightest supply–demand balances in years. The most ...
Investment sales of retail properties in the San Francisco Bay Area took a step backward in 2025, with total sales volume falling below $2 billion. The result marks a change in momentum from 2024, ...
San Francisco’s apartment market ended 2025 on a high note, with rents climbing to unprecedented levels. The metro area posted the nation's fastest annual rent growth, reflecting strong demand amid ...
Northern California's East Bay retail leasing market finished 2025 with an estimated 1.75 million square feet of new lease activity, the highest volume since 2019. The total was boosted by an ...
After falling for four years, the Bay Area’s industrial investment market posted a modest recovery in 2025, though overall sales remain well below pre-interest-rate-rise highs.
The East Bay’s multifamily market closed 2025 on a note of cautious optimism, with rents largely holding steady in December after a year marked by gradual improvement. Asking rents averaged about ...
The job market in San Francisco remains lackluster, with total employment levels lower than they were a year ago. However, while hiring remains weak, layoff activity has also declined, suggesting ...
Layoffs continued to grow in Silicon Valley in the fourth quarter of 2025. Santa Clara County recorded 2,953 layoffs in the quarter, as measured by work adjustment and retraining notices, known as ...
The East Bay’s office market closed 2025 on a less-than-optimistic note, with leasing activity continuing to lag historical norms. Corporate relocations, hybrid work arrangements and downsizing have ...
San Jose’s multifamily market ended 2025 on a resilient note, even as rent growth showed signs of moderation. Average asking rents dipped slightly in December to $3,740 per month, down 0.14% from ...
San Jose’s office market is continuing its steady recovery as it heads into 2026. A modest increase in leasing volume, combined with fewer tenant move-outs and a decline in new construction, has led ...
Leasing activity in San Jose’s industrial market continued to show signs of growth in the third quarter of 2025, with total leasing volume estimated to reach 1.7 million square feet, almost double ...
San Francisco’s office availability fell by almost 2 million square feet in the past quarter, the largest decrease in a series of four straight reductions. The market’s total available space is now ...
San Jose’s office market has posted its strongest two consecutive leasing quarters since 2022, reflecting the emergence of a new wave of growth in the region’s tech economy.
Commercial real estate investment in the Bay Area office sector has rebounded strongly in 2025. Year-to-date sales volume across San Francisco, San Jose and the East Bay totals roughly $6.2 billion, ...
Leasing activity in San Francisco’s industrial market lost momentum in the third quarter of 2025, signaling persistent demand challenges across both logistics and flex segments. After peaking in ...
Multifamily investment activity across the San Francisco Bay Area surged in 2025, signaling renewed confidence after several years of volatility. With a few weeks remaining in the calendar year, ...