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.
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Investment-grade office sales in the San Francisco metro area have hit a decade-long low - Silicon Valley Business JournalIt's another sign of distress for central business district office markets battered by the pandemic and remote work.
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