2019 Q2 San Francisco Office Market Report

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Investment Sales Activity in San Francisco is Strong.

Strong Office Investment Sale Activity

The San Francisco investment market experienced strong activity during the second quarter of 2019 with nine buildings transacting for an aggregate investment volume of over $1.2 billion. The largest sale transaction of the second quarter was 123 Mission Street purchased for $397 million or $1,149 per square foot by Main Mission LLC. Another notable transaction was the sale of 945 Bryant Street, a Class B office building located in SOMA which closed for $41.95 million or $1,005 per square foot.

If the properties currently under contract and on the market close by year-end, the total 2019 total investment volume is expected to surpass $6 billion dollars – nearly double the investment volume seen in 2017 and 2018 which experienced $3.6 billion and $3.7 billion, respectively.

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2019 Q2 San Francisco Office Market Report

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Erin Proto

Senior Research Manager

San Francisco

Erin Proto joined Colliers International’s San Francisco Office in December of 2013. She heads up the research department and is responsible for authoring office, multifamily and retail research reports. She is responsible for the management of all data collection, quality control, aggregation, analysis, interpretation and timely reporting of market information and trends. Prior to Colliers, Ms. Proto served as Director of Research at Cornish & Carey Commercial Newmark Knight Frank (C&C) for the Walnut Creek and Pleasanton offices.  Before joining C&C, she worked for Grubb & Ellis as Vice President, Director of Research & Marketing in the East Bay and San Francisco offices. During her eleven years at Grubb & Ellis, she mananged the companies research and marketing efforts, including managing the research and marketing team, was responsible for the database, market analysis, quarterly and forecast reports, creation of key proposals and presentations. She was also responsible for all direct marketing functions of the office including collateral material development, communications, web presence, social media marketing, public relations, forecast events and conventional advertising.

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