Bargain hunters looking to scoop up heavily discounted office properties in Silicon Valley soon may have a lot of company on the acquisitions side as a revival of the return to office push picks up the pace of investment sales.
Recent deals for two separate campuses in San Mateo and Santa Clara are harbingers of renewed interest among buyers in the tech hub's office market, which has been battered by high vacancy rates and plunging office valuations.
Investors in these office assets are placing bets on a recovery that the conventional wisdom in recent months has deemed a long shot sentiment that now appears to be shifting towards a speedier return on investment as momentum for more in-person office work grows.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
