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San Francisco Office Sales Lowest Since Great Recession

Following a Challenging 2022, Deal Activity Expected To Pick Up in 2023 As Price Expectations Adjust
The sale of global clothing giant Gap Inc.'s office building at 1 Harrison St. in San Francisco's Rincon Hill neighborhood to Silicon Valley developer Sobrato Organization reflects changing price expectations between buyers and sellers. (CoStar)
The sale of global clothing giant Gap Inc.'s office building at 1 Harrison St. in San Francisco's Rincon Hill neighborhood to Silicon Valley developer Sobrato Organization reflects changing price expectations between buyers and sellers. (CoStar)
CoStar Analytics
February 24, 2023 | 4:33 P.M.

It came as little surprise to observers of the San Francisco office market that sales of office properties last year plunged to its lowest level since the dark days of the Great Recession.

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