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Office sales pricing is healthy, but transaction volumes are expected to taper

  • Year-to-date sales volume totals more than $2.1 billion, on par with the first half of 2016.However, 2017 totals will likely fall short of 2016 because of a decrease in the number of assets on the market and under contract.
  • Healthy pricing levels reflect the large amount of capital seeking deals in the San Francisco market. Class A pricing averages $750 psf.211 Main and 44 Montgomery traded in Q2 to Blackstone and Beacon respectively.
  • Allianz Real Estate and Columbia Property Trust (CXP) recently announced a joint venture, with CXP contributing two Bay Area properties while Allianz contributed 112 Fifth Ave in Manhattan.​

Source: JLL Research




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