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The office market in San Francisco had a 30.4 percent overall vacancy rate in the third quarter, up from 23.1 percent last year, according to Cushman & Wakefield. That’s the highest overall vacancy rate of the 92 office markets tracked by the brokerage, which warned that it would increase further as 2 million sf of existing leases are set to expire in the fourth quarter.
The post Office Vacancy Rate Climbs Further in San Francisco During 3Q, to 30.4 Percent appeared first on Commercial Real Estate Direct.
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