Marin Sonoma office insight- Q2 2018

As interest rates and cap rates gradually increase, owners may be prompted to bring properties to the market early. Investment activity is gaining traction as institutional owners actively upgrade buildings to add value to the property. New spec suites and common-area upgrades are among these improvements, creating an inviting advantage for tenants. As a result, average asking rents are on the rise, approaching $4.85 p.s.f. to $5.50 p.s.f. in the market’s top tier office buildings.

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