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Not to mention, the new record-high vacancy rate is 50 basis points “above the recessionary peaks recorded in 1986 and 1991,” an analysis published earlier this week found.
On September 20, 2017, it was reported that Meta Platforms 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 ...
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.
In the United States, for example, according to the Seattle Times office space was "tight" in Seattle and Bellevue in 2013. [4] However, in 2023, the office vacancy rate in the United States had risen to 12.9%, which was seen as the highest ever since one data collection firm began tracking such statistics in the year 2000. [5]
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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 ...
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]
During the COVID-19 pandemic, demand for medical office space stayed at pre-pandemic levels. At the end of 2023, the medical office vacancy rate for the top 100 largest metro areas was only 7.25% ...