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Commercial real estate in San Francisco finally gets good news in office demand data
Sfgate ^ | 07/26/2023 | Stephen Council

Posted on 07/26/2023 7:00:23 PM PDT by ChicagoConservative27

San Francisco’s commercial real estate fortunes may finally be turning.

Office demand in the city increased 10.2% in the second quarter of 2023 compared with the first quarter, according to data from real estate tech firm VTS. The researchers also found that the city has, since March, seen more prospective office tenants looking for spaces larger than 50,000 square feet.

(Excerpt) Read more at sfgate.com ...


TOPICS: Business/Economy; Culture/Society; Government; US: California
KEYWORDS: commercial; office; realestate; realty; sanfrancisco
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What's that I smell? Must be BS...
1 posted on 07/26/2023 7:00:23 PM PDT by ChicagoConservative27
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To: ChicagoConservative27

I find this highly dubious. Where is all this new interest coming from?


2 posted on 07/26/2023 7:01:21 PM PDT by DarrellZero
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To: ChicagoConservative27

For illegals?


3 posted on 07/26/2023 7:02:00 PM PDT by alternatives?
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To: ChicagoConservative27

Pump and dump. Just like in the stock market.


4 posted on 07/26/2023 7:02:35 PM PDT by AlaskaErik (There are three kinds of rats: Rats, Damned Rats, and DemocRats.)
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To: ChicagoConservative27

Are the Red Chinese starting to buy it up?


5 posted on 07/26/2023 7:03:03 PM PDT by Fiji Hill
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To: ChicagoConservative27

Dinosaur sized poop.


6 posted on 07/26/2023 7:06:57 PM PDT by EEGator
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To: DarrellZero

If it was down 30% and it only went down 20% more, is that up 10%?


7 posted on 07/26/2023 7:07:41 PM PDT by EEGator
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To: ChicagoConservative27

Suckers.


8 posted on 07/26/2023 7:09:16 PM PDT by Bonemaker (invictus maneo“What were you doing in the store? You were eating the food?”)
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To: ChicagoConservative27

Dead cat bounce.


9 posted on 07/26/2023 7:12:03 PM PDT by snerdly (No, not THAT Snerdly)
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To: AlaskaErik

These are rookie numbers…


10 posted on 07/26/2023 7:14:13 PM PDT by EEGator
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To: DarrellZero

People in motion.


11 posted on 07/26/2023 7:15:01 PM PDT by Lisbon1940 (I don’t see why they would)
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To: ChicagoConservative27

Unless the price tanked....


12 posted on 07/26/2023 7:18:34 PM PDT by gundog (It was a bright cold day in April, and the clocks were striking thirteen. )
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To: alternatives?
For illegals?

That was pretty much my thought. If there was actually an increased demand for space, I bet it was primarily by taxpayer paid space for homeless and illegal aliens, not productive capitalism.

13 posted on 07/26/2023 7:20:03 PM PDT by LegendHasIt
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To: LegendHasIt

Who’s paying?
Isn’t it illegal to house people in non residential buildings?


14 posted on 07/26/2023 7:23:01 PM PDT by EEGator
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To: ChicagoConservative27

5.00% interest in expanding moving to 5.50% interest...

Very impressive.

Not that those are the actual numbers, but this is not
turning the trend > IMO.

Good luck S.F. It isn’t coming back.

Nobody is going to wade through five tents deep to run
a business.


15 posted on 07/26/2023 7:29:07 PM PDT by DoughtyOne (I pledge allegiance to the flag of the USofA & to the Constitutional REPUBLIC for which it stands.)
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To: EEGator
Isn’t it illegal to house people in non residential buildings?

Illegal??
We all know by now that our Government overlords aren't stymied by laws. Those are for the unwashed folks. If the Government wants to house illegal aliens (invaders) in commercial buildings, they will do so.

16 posted on 07/26/2023 7:30:13 PM PDT by El Cid (Believe on the Lord Jesus Christ, and thou shalt be saved, and thy house...)
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To: El Cid

May I suggest the Millenium Tower?…


17 posted on 07/26/2023 7:31:37 PM PDT by EEGator
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To: EEGator

((100*(1-0.3)*(1-.2)=0.56


18 posted on 07/26/2023 7:32:28 PM PDT by DoodleBob (Gravity’s waiting period is about 9.8 m/s²)
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To: Lisbon1940

I see what you did there.


19 posted on 07/26/2023 7:33:13 PM PDT by DarrellZero
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To: DarrellZero

SFGate you cannot find a less reliable source


20 posted on 07/26/2023 7:36:14 PM PDT by gibsonguy
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