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REA
February 21, 2018  

MARKET SPOTLIGHT: San Francisco Office Properties

Construction is active. Some 4.7 million sf will come on line this year, a 6% increase in supply. But 80.2% is already pre-leased, according to JLL.JLL notes that a record 18 leases exceeding 100,000 sf were signed last year, including the biggest ever: a 751,000-sf agreement by Dropbox. The strong demand helped drive Class-A rents up 13.3%, to $84.51/sf, according to Colliers International. Market pros forecast more growth.The 330,000-sf...


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