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Articles Recently Tagged: Cushman & Wakefield

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Office Rents Hit a Record High in SF but Barely Budged Last Year

Office Rents Hit a Record High in SF but Barely Budged Last Year

Having slipped for the first time since 2010 in the third quarter of last year, the average asking rent for office space in San Francisco inched up 0.8 percent in the fourth quarter and ended 2016 at a record high of $69.77 per square foot per year, up a... Read More »

Clock Is Ticking for a Bankrupt West Oakland Redevelopment Site

Clock Is Ticking for a Bankrupt West Oakland Redevelopment Site

Plans to level the West Oakland warehouse at the corner of Filbert and 24th Streets and develop 55 townhouses, with a courtyard open space for the new condos and five small commercial spaces fronting 24th Street, were approved by the city back in 2005. But the 2400 Filbert Street... Read More »

San Francisco Rents Drop, East Bay Rents Stall

San Francisco Rents Drop, East Bay Rents Stall

Having slipped by $25 a month in the second quarter of 2016, the average asking rent for an apartment in a building with over 50 units in San Francisco dropped by $96 (2.7 percent) to $3,499 a month in the third quarter of the year while the asking rent... Read More »

Spillover Demand from SF Slows but East Bay Office Rents Tick Up

Spillover Demand from SF Slows but East Bay Office Rents Tick Up

Asking rents in Oakland’s Central Business District ticked up 1.2 percent in the third quarter and are now running 20 percent higher on a year-over-year basis while the asking rent for office space across the greater East Bay market gained 3.7 percent and is 8.6 percent higher versus the... Read More »

Office Rents in San Francisco Slip for the First Time since 2010

Office Rents in San Francisco Slip for the First Time since 2010

As we first reported at the beginning of the year, demand for office space in San Francisco was dropping. A few months later, we noted that the office vacancy rate was on the rise. And last quarter, the vacancy rate ticked up to 7.7 percent, the highest vacancy rate... Read More »

San Francisco Rents Slip, East Bay Rents Climb

San Francisco Rents Slip, East Bay Rents Climb

Having inched up by $4 a month in the first quarter of 2016, the average asking rent for an apartment in a building with over 50 units in San Francisco slipped by $25 a month (0.7 percent) to $3,595 in the second quarter of the year, while the asking... Read More »

East Bay Office Market Cause for Concern?

East Bay Office Market Cause for Concern?

While not specifically quantified, the volume of office tenants in San Francisco seeking new space in the East Bay “dropped significantly” over the past quarter, according to an accounting by Cushman & Wakefield. And while the drop was partially attributed to a lack of available space, with the vacancy... Read More »

Office Vacancy Rate in San Francisco Jumps the Most since 2009

Office Vacancy Rate in San Francisco Jumps the Most since 2009

Citing the emergence of “slow or no growth policies” amongst both start-ups and more established local firms, the office vacancy rate in San Francisco jumped 1.6 percent in the second quarter of 2016, the largest quarterly increase since the first quarter of 2009, according to data from Cushman &... Read More »

Office Rents in Oakland Hit an All-Time High

While demand for office space in San Francisco slipped last quarter, asking rents in Oakland’s Central Business District gained 8 percent, are up 36 percent versus the same time last year and have hit an all-time high, eclipsing the dotcom era peak at the end of 2000. In addition,... Read More »

Demand for Office Space in San Francisco has Dropped

Demand for Office Space in San Francisco has Dropped

For the first time since 2010, the average asking rent for Class A office space in San Francisco’s Central Business District has declined versus the quarter before, slipping 0.9 percent to $70.64 per square foot in the first quarter of the year. That being said, including Class B space,... Read More »