Author: Agggregated News
Bay Area office market flounders with empty space but demand jumps – East Bay Times
SAN JOSE — The Bay Area office sector remains feeble, battered by brutally high levels of empty spaces — but the hunger by tenants to lease offices is starting to surge, new commercial real estate reports show. Empty office spaces remained at or near record levels in the Bay Area’s four primary markets during the January-through-March first quarter of 2024, according to a new report released by CBRE, a commercial real estate firm. The office markets in the South Bay, the East Bay’s Oakland-Emeryville region, San Mateo County and San…
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Developers of two new East Bay housing developments hear that affordability is key – The Mercury News
Richland Communities proposed Leung Property development south of Sand Creek Road in Antioch will include 435 homes and have a natural open space buffer to Sand Creek and the hills above the site. (City of Antioch) One thing was clear at a hearing this week to gather feedback for two new proposed housing projects on opposite ends of Antioch: people want at least some of them to be affordable. Preliminary plans unveiled to the City Council on Tuesday include a Richland Communities’ proposal to build 435 homes at the city’s…
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1 in 5 San Francisco home sellers took a loss on their sale, according to Redfin – KRON4
SAN FRANCISCO (KRON) — Nearly one in five San Francisco home sellers took a loss in selling their home during the three months ending on Feb. 29, according to a new report. The report, from online real estate brokerage Redfin, said that’s a higher share of home sellers taking a loss than any other U.S. metro. At nearly 20%, that’s also more than four times the national share of home sellers taking a loss, which is 4.3%. In SF, the typical homeowner who sold their home at a loss sold…
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Bay Area office market flounders with empty space but demand jumps – The Mercury News
(Jane Tyska/Bay Area News Group) Downtown Oakland, seen in a drone view looking towards the East Bay hills, April 2024. SAN JOSE — The market for Bay Area office space remains feeble, battered by brutally high vacancy levels — but the hunger by tenants to lease offices is starting to surge, new commercial real estate reports show. Empty office spaces remained at or near record levels in the Bay Area’s four primary markets during the January-through-March first quarter of 2024, according to a new report released by CBRE, a commercial…
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SF Housing Market Dips with 20% of Sellers Bearing Losses, Outpacing National Average – Hoodline
The San Francisco housing market is experiencing a significant downturn, with nearly one in five home sellers facing losses. According to a recent report by Redfin, approximately 20% of properties sold in the Bay Area metropolis have resulted in the sellers receiving less than their initial purchase price, a figure far beyond the national average. The situation in San Francisco starkly contrasts the broader U.S. housing market, where just 4% of sellers are seeing red. Locally, those unlucky enough to sell at a loss are hemorrhaging an average of $155,500,…
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Looking to buy a home in Bay Area? Here’s what $1.7M will get you in Silicon Valley – KGO-TV
CUPERTINO, Calif. (KGO) — This is what $1.7 million will get you on the western edge of Silicon Valley in Cupertino: A cozy 384-square-foot home, which is a little more than the average size of an American hotel room. “It’s time to bring out the old cliché which just happens to be the truth — it’s location, location, location,” said David Stark, a spokesperson for the Bay East Association of Realtors. But the house might not be what people are paying for. Instead, it’s the potential of a 7,841 square…
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