Rents in San Fran Office, Residential To Increase

[IMGCAP(1)]SAN FRANCISCO-“San Francisco will take the place of what New York was—a city that was a huge economic driver with the financial sector.” So said Gregory Vilkin, managing principal & president of MacFarlane Partners, a panelist at the RealShare Bay Area conference eventyesterday.“The major driver will be technology and San Francisco will continue to rise in rents both on the residential side and office side.

Vilkin joined other panelists and moderator Steve Duffy, managing director of Moss Adams Capital, on the Town Hall Power Panel at the half-day event held yesterday at the City Club by ALM’s Real Estate Media Group. According to Vilkin—who also recently did an exclusive Q&A on the multifamily sector in preparation of the event—his investment strategy at the moment is “urban urban urban core.”