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350 Rhode Island 350 Rhode Island, 138,393-square-foot class-A office building, was acquired for $120 million.

SAN FRANCISCO—A number of records were shattered in the dominant office sector last year, including record-high rents and new construction deliveries, according to Cushman & Wakefield’s year-end office market report. In addition, vacancy reached a three-year low, while tenant requirements held strong.

One example of substantial development and investment activity is the Showplace Square submarket. Formerly an industrial and showroom area, it has been the beneficiary of a significant influx of tech firms during the past decade. Additionally, residential developers continue to deliver new housing supply into surrounding areas, providing an abundance of living options for high-income tech employees who work in this submarket.

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Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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