Back in 2006 and 2007 office buildings were selling like hotcakes, and Class A buildings in wonderful locations filled with credit tenants were getting astronomical prices …

15th May, 2012 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments

back then we called it a “frothy” market, and although there were a few questioning the sustainability of these pricing levels the herd mentality of real estate had far more money chasing the limited high end supply.  Then the crash came, and the experts were asking themselves, how could they have known ahead of time … ?  These were my thoughts when I read the front page of the May 11-17, 2012 San Francisco Business Times “with Tishman Speyer’s 555 Mission St. reportedly attracting offers north of $800 a square foot … ”

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