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Office vacancies climbed more than 5% in six of the top 25 US markets this year, according to CommercialEdge. Sale prices, meanwhile, dropped again, down 9% from the average price in 2023.
SFpark is San Francisco's system for managing the availability of both on- and off-street parking. Taking effect in April 2011, the program utilizes smart parking meters that change their prices according to location, time of day, and day of the week, with the goal of keeping about 15% of spaces vacant on any given block. [1]
In the prior quarter, as Fortune previously reported, the office vacancy rate had already reached 19.8%, which was 50 basis points above recessionary peaks recorded in 1986 and 1991, according to ...
On September 20, 2017, it was reported that Facebook would lease the entire office portion of the building to form a new San Francisco office. [ 9 ] As of May 2023, during what the San Francisco Chronicle described as "Downtown San Francisco['s] worst office vacancy crisis on record," 181 Fremont had a vacancy rate of 100%, with Meta (formerly ...
In April 2016, Pembroke Real Estate Inc., a Boston–based REIT, acquired 140 New Montgomery as part of its portfolio — its second acquisition in San Francisco. [ 6 ] [ 27 ] [ 28 ] [ 29 ] According to property records, Pembroke paid US$ 284 million for the property, at around US$962 per square foot.
According to Hammett, Sam Spade's office was located on the 5th floor. [citation needed] As of May 2023, during what the San Francisco Chronicle described as "Downtown San Francisco['s] worst office vacancy crisis on record," 111 Sutter Street had a vacancy rate of 43.9%. [9]
As for San Francisco, it notched a record-high 33.9% office vacancy rate—nearly 30 million square feet listed for lease or sublease—in the third quarter, as reported by the San Francisco ...
Salesforce West, also known by its address 50 Fremont Center, is a 43-story, 183 m (600 ft) high-rise office building completed in 1985 at Fremont and Mission Streets on the boundary of the financial district and SoMa of San Francisco, California. The stepped-back facade design of the building resembles Eliel Saarinen's Tribune Tower design. [5]