Office Discounts as Compared with Pricey Industrial Sales

Office building sales continue to experience at times significant discounts as compared to pre-Covid values, and as a recent case in point 2001 Broadway in Oakland, California, a 56,000 square foot office building just closed escrow in October at a 76% price drop as compared to what it was purchased for in 1016.  $19.5 million in 2016, $4.5 million in 2025! Meanwhile n 11-building industrial portfolio in Brisbane, California was just purchased by Prologis for$330/square foot. 95% leased and almost one million square feet in size. SF BusinessTimes 11/13/25  “cAross the U.S. ecommerce is driving leasing at warehouses in dense, built-up areas like Crocker Industrial Park. Chris Caton,  managing director of global strategy and analytics at Prologis, told investors that ecommerce accounts for almost 20% of new leasing.”  Office out, warehouse ecommerce in…(I know, it is not that wimple!!)