San Francisco has always been a place of investor interest — and the hot market keeps getting hotter. During the first half of 2014, approximately $6.93 billion in property sales were completed in San Francisco, pushing the market to third place in the top 40 most active U.S. investment markets, according to Real Capital Analytics. This was a 125 percent year-over-year increase.
Two San Francisco office property transactions made RCA’s list of the top 25 property sales in the first half of the year. Paramount Group bought One Market Plaza from The Blackstone Group in a transaction valued at approximately $1.2 billion, and the Standard Oil Building sold for $315 million to J.P. Morgan.
Despite the fact that office rents in the San Francisco Bay Area are already stratospheric, they continued to climb 5.3 percent from the first quarter of 2014 to the second, representing the second-highest growth rate in the U