JLL: Average 80 Percent Growth on Two-Year Hold in San Francisco

JLL, San Francisco, commercial real estate

JLL, San Francisco, commercial real estate

JLL: Average 80 Percent Growth on Two-Year Hold in San Francisco

13 office properties have traded hands twice since 2010 with an average hold period of two years and an average 80% appreciation in the price per square-foot. Short-term investors have capitalized on robust market growth, fueled by the tech industry and have focused on value add opportunities such as 115 Sansome Street and 795 Folsom Street. Investment activity has increased since the first quarter with nearly 3,000,000 square feet under contract or on the market and several other properties likely to come out soon.

Source: JLL Research

West Coast Commercial Real Estate News