News Formal

Investment-grade office sales in the San Francisco metro area have hit a decade-long low - Silicon Valley Business Journal

  • 📰 svbizjournal
  • ⏱ Reading Time:
  • 8 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 59%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

The year for downtown investment sales was not pretty.

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 334. in ZA

South Africa South Africa Latest News, South Africa South Africa 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 »

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.
Source: svbizjournal - 🏆 334. / 59 Read more »