Some Key Office Markets Hit Hardest by Tech Wreck
May 19, 2023
GlobeSt.com
By: Richard Berger
Manuel Fishman, a Shareholder at Buchalter, who represents real estate developers and owners in the acquisition, sale, and financing of commercial properties, downplayed the data, including a reported recent “fire sale” on some San Francisco office buildings due to deteriorating occupancy and falling valuations.
“I would caution against focusing on the headline, as the underlying leasing market for Class A buildings in San Francisco and the Bay Area remains solid, as supported by the report’s data,” Fishman said.
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