4 ms·

Totally false. We saw many commercial units between $35-50/sf IG and just signed on one at $37/sf.

• jeffbee 5y ago
  "At the first quarter of 2021, the overall citywide asking rent was $73.76 per square foot (psf) down 12.0% from the peak of $83.82 psf with the Class A citywide figure at $77.66 psf, down 10.0% from $86.31 psf,. Direct space continues to be marketed at near record levels for the time being with the citywide Class A direct asking rent at $84.47 psf and the CBD Class A direct asking rent at $85.71 psf" — Cushman and Wakefield "Totally false" — Internet rando
  • jedberg 5y ago
    > Cushman and Wakefield Aka a company with a vested interest in convincing you that the $75 price they are offering you is totally in line with the average and it's really good and you should just take it.
    • jeffbee 5y ago
      But an anecdote about a class-C storefront on 7th street is more reliable?
      • jedberg 5y ago
        I'd say both are anecdotes with bias, but honestly, the random internet commenter has less incentive to massage the data than WC.
  • htormey 5y ago
    Also, are these figures factoring in things landlords are doing now to sweeten the deal without dropping the per month/sq price? I.e giving months away for free or other incentives like that? Anecdotally I’ve heard office rent is way down as well.