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United States | San Francisco, CA

Report | Marin Sonoma Office Insight - Q3 2016

Summary

Almost 80 percent of the North Bay's leasing activity in Q3 took place in Marin and Sonoma County, with year-to-date office sales exceeding $233.9 million across 20 transactions. While Southern Marin County is the most expensive North Bay submarket with average asking rates at $42.36 per square foot, it still provides a cheaper alternative to San Francisco's least expensive submarket. 

For investors seeking higher yields in tertiary markets through the end of 2016, we expect them to look increasing at Marin and Sonoma Counties as prices in San Francisco, Oakland and Silicon Valley continue to rise.

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