Nine more leases are pending, which would bring the year's total to 29 deals of that size.
San Francisco has closed 20 office leases of more than 100,000 square feet this year, with nine more pending, according to our tracking. A 1985 program limits how much new office space the city can approve.
If the nine pending leases close, the year's total reaches 29 deals of that size. The tally measures demand from the largest occupiers; it does not show how much net absorption the deals produced.
Reported by The Wrap desk from Private Real Estate Daily records. Published . Corrections
JLL data show countywide vacancy down to 15.4 percent and average asking rents up to $3.02 per square foot per month.
Neither firm disclosed a commitment or target size; the first asset arrives as JLL puts Manhattan trophy vacancy at 4.9%.
Bridge, Declaration Partners and Avery Hall are the sponsors; coupon and spread were not disclosed.
BREIT raised $1.3 billion while real estate AUM slipped to about $309 billion.
The trust is down to six properties and 1,842 units, with three months to sell, per Multifamily Dive.
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