Deals
San Francisco Office Sales Set for Best Year Since 2007
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San Francisco office-building sales may exceed $5.3 billion this year, the most since the market peaked in 2007, amid a technology-fueled rent surge that shows no signs of slowing.
Twenty-two downtown office properties changed hands through July 20, three deals were pending, and 10 buildings and two land parcels were listed and drawing robust investor interest, according to brokerage CBRE Group Inc. The average purchase price has risen to $465 a square foot, the highest since 2007, when it was $516 a square foot on $8.6 billion of sales, CBRE data show.