San Rafael office building in contract for $15.5 million as hot market continues
“When a piece of commercial real estate sells, a lot depends on who goes into the property,” said Robert Eyler, chief economist for the Marin Economic Forum and a professor of economics at Sonoma State.
“If there are currently businesses in the building, it depends on how much they are paying and how much longer there is in the lease,” Eyler said.
“If it’s vacant and the new landlords have the ability to market to somebody who can come in and fill it, that can be a boost to the local economy right away,” Eyler said.
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