News
Sales Volume Lagged 2012 Figures
January 14, 2014
It seemed S.F. buildings were flying off the shelves last year, but according to JLL figures, sales volume was down 65% year over year, or $2.3B compared to $6.6B. Q4 alone, however, saw a whopping $1.3B in transactions, including KBS' $121M purchase of 201 Spear (KBS Western regional prez Rodney Richerson, above). In contrast to 2012, with large, core, and core-plus assets trading hands, 2013 saw smaller, and somewhat fewer, assets for sale. The average S.F. cap rate in Q4 was a fabulous 4.4%. The 2013 high watermark sale was 549 Bryant, at $642/SF.
