Nearly Half-Empty San Francisco Retail Space Trades For $30M

A retail space in San Francisco’s Union Square neighborhood sold, trading for $521 per SF despite its significant vacancy rate.

The property includes two buildings totaling 54K SF at 838-842 Market St. A joint venture paid $30M for the property, as reported by The Real Deal. The per-SF price is just shy of the $558 per SF market average, according to a first-quarter report from Kidder Mathews.

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