Concern: Not a Lot on the Sales Block
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The lack of for-sale signs in front of commercial office buildings these days is worrying some brokers, marking a weak start to 2015 activity in the city. One investment sales broker tells Bisnow it's definitely an issue, though more so at the high end of the market. Last year there were a lot of trades and usually that exhausts the supply of sellers, he says. Most groups that buy in S.F. are long-term holders so when a large amount of product trades, it takes a while for the next batch of sellers to emerge. 2014 will be hard to beat: there were 50 office sales that closed for a total of $5B, according to Colliers.