Attached is Cornish & Carey Commercial NKF’s second quarter 2012 office vacancy report.
According to Jerry Suyderhoud, Senior Vice President of Cornish & Carey Commercial NKF’s San Rafael office, “Though San Francisco and the Silicon Valley have seen boom times, our market, though better than several years ago, is still struggling. Class A office rents in southern Marin have strengthened, but once you get to Terra Linda and north they are flat.”
“There are still value-added investments for sale, and there have been some investments sales above a 7% cap rate. Of course, if you need to refinance, now is the time.”
To view the report, please click on the following link. CCNKF Northbay Office Q2 2012 (3)