An office building in downtown San Jose, California, has traded for about $56 million less than what it last sold for in 2017, according to CoStar data. The deal shows that even top-tier properties are subject to downward pricing pressure as high vacancy plagues the market.
Downtown San Jose Office Building Trades at 70% Discount
High Vacancy Rate Weighs on Market, CoStar Data Shows
By Pawan Naidu
CoStar News
December 18, 2023 | 6:52 P.M.
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