Lucas Valley office building sells for $7 million
By Janis Mara
“Why are there so many ‘for lease’ signs? There are two reasons,” said Robert Eyler, chief economist of the Marin Economic Forum.
“One is that the types of properties that are available are not necessarily a fit for your classic office space business looking for commercial property. You can’t look at the leasing market and say, ‘If it’s totally hot, why are we not at zero vacancy?’” said Eyler, who is also a professor of economics at Sonoma State University.
Regarding the signs, “Marketing dollars are being spent to try to fill space, that’s all it’s indicative of. It’s not possible to make a conclusion about the number of square feet they are marketing,” Eyler said.
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