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Net absorption surged to nearly 3M SF in Q4, biggest jump since 2022 boom.
Twice as many buildings traded in 2024 as the previous two years combined.
Openings dropped 34% in 2024, with only three new hotels in nine-county Bay Area.
Third-tallest downtown tower, 73% occupied, donates six-month leases.
Irvine Co. offloads two towers at a heavy discount as market signals rebound.
The executive order directs HCD to facilitate a 30-day approval process for rebuild projects.
Rents could rise by up to 12%, as all Californians will pay higher insurance premiums, experts say.
The centerpiece of the transit-oriented hub at Mission Bay, SoMa nexus would be 850 feet tall.
Leasing volume soars to 2.4M square feet in Q4 as the availability rate drops by 160 bps.
Luxury high-rise sees heavy discounts in the sagging market that delivered 10,000 units in five years.