“There’s a lot of talk about the red hot residential real estate market in Silicon Valley, but commercial prices are also soaring. Asking rents in Palo Alto now average $83 a square foot annually. That’s nearly triple the national average. In the last four years, commercial real estate prices are up 75 percent in Palo Alto and in nearby Sunnyvale and Mountain View, prices are up 68 percent and 115 percent, respectively. If companies are looking for a bargain on rents, they shouldn’t look to San Francisco. In the last four years, office rents there have soared 70 percent. The real winners in this red hot market are the real estate developers, who are rushing to build more office buildings to satisfy demand.”
http://www.cnbc.com/id/101727095
Tip Freedomwat.ch Staff with Bitcoin