Office Sales Seen to be Starting Strong and Here’s Why
Source: bizjournals.com | Re-Post MNM Partners, LLC 2/18/2019 –
In the first six weeks of 2019, San Francisco has seen about $1.1 billion worth of office properties sold off or in contract to sell to hungry buyers. That’s not counting another $3.4 billion that’s on the market now, bringing the total inventory that could soon sell to about $4.5 billion, according to commercial brokerage CBRE.
Adding just what’s on the market now would put 2019 ahead of the total sales volumes for each of the past two years. Sales volumes hit $2.53 billion in 2018 and $3.84 billion in 2017. And that’s if no other properties hit to the market for the rest of 2019.