At the end of 2023, downtown San Jose's office availability rate was at an all-time high of 35.7%... Office availability measures the combination of empty office space...
Within the last four months, two large office properties were sold at a big loss compared with their prior sales... a nosedive of 77% compared with the $141.4 million paid in 2019 for the highrises.
While the price declines are jaw-dropping, experts... point out that the newly established prices at least set a current value for office buildings in downtown San Jose.
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