CBRE aims to ride turbulent real estate waves as office market wobbles
CBRE is betting on cutting-edge technologies, including artificial intelligence, to drive demand for research and industrial buildings in Silicon Valley.
CBRE has hired two commercial real estate veterans to handle deals involving research and development (R&D) and industrial buildings. [ more ]
Not at the bottom yet: SF office vacancy hits record high
Office vacancy rate in the city rose to 35.9% in Q4 2023, an increase from the previous quarter's rate of 34%.
A total of 6.7 million square feet of office space came on the market in 2023, largely due to large sublease spaces being placed on the market and leases expiring. [ more ]