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SAN FRANCISCO—Asking rates rose to $63.24 during the fourth quarter, an increase of 14.2% year-over-year. That is according to CBRE's Colin Yasukochi, director of research and analysis.
According to Yasukochi, there is an increased concentration of available high-end view space in the Financial District as some professional service firms have begun to relocate or downsize from their prime view space, helping push class A space in the CBD to $68.33, its highest rate since 2001.
If demand continues to outpace supply as expected, he says, rents could rise by as much as 10% in 2015.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
