in Oakland — represent total sales volume of $296 million, a fraction of annual pre-pandemic office investment activity, according to data from real estate services firm CBRE. There were no sales in the San Jose CBD.
The data show that central business districts continue to be hardest hit by remote work, with fewer employees wanting to commute to downtown areas.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Investment-grade office sales in the San Francisco metro area have hit a decade-long low - San Francisco Business TimesIt's another sign of distress for central business district office markets battered by the pandemic and remote work.
Source: SFBusinessTimes - 🏆 78. / 68 Read more »
Silicon Valley home values drop 3.3% in November, most in the nation - Silicon Valley Business JournalSan Jose has seen a sharp decline in home values since they peaked in April at nearly $1.7 million.
Source: svbizjournal - 🏆 334. / 59 Read more »
Wells Fargo economists say housing downturn still in ‘early innings’ - San Francisco Business TimesIn banking news, WellsFargo economists say they expect nation's median existing single-family home price to fall in 2023
Source: SFBusinessTimes - 🏆 78. / 68 Read more »
University of San Francisco moves ahead with first major expansion of academic space in more than a decade - San Francisco Business TimesThe university had long discussed acquiring a blood donation center across the street from its main campus. Now plans are underway to convert the space for USF's use.
Source: SFBusinessTimes - 🏆 78. / 68 Read more »