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San Francisco Office Demonstrates Record Strength

Posted by Priya on February 2, 2019
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The acquisition of 350 Rhode Island presented a compelling opportunity to participate in a robust and technology-centered office market, and do so with an attractive yield and at below-replacement basis.

By Lisa Brown

February 07, 2019 at 04:00 AM

350 Rhode Island, 138,393-square-foot class-A office building, was acquired for $120 million.

SAN FRANCISCO—A number of records were shattered in the dominant office sector last year, including record-high rents and new construction deliveries, according to Cushman & Wakefield’s year-end office market report. In addition, vacancy reached a three-year low, while tenant requirements held strong.

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