Sales of CBD properties remain muted because of uncertainty about office space use in urban areas.
Torrey Square posted the lowest base rent per-leased-square-foot in Whitestone’s wholly-owned portfolio. Since its IPO in 2010, Whitestone has improved its base rent per leased square foot by over 80%.
The San Francisco office market won’t begin to see an improvement until companies start to implement return-to-work plans.
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