Downtown office vacancies jump

For lease signs such as this one at University Avenue and Waverley Street are popping up in downtown Palo Alto. Post photo.

This story was originally printed Dec. 24 in the Daily Post. Pick up the Post in the mornings to get all of the important local news stories — coverage you won’t find online.

BY BRADEN CARTWRIGHT
Daily Post Staff Writer

Downtown Palo Alto is seeing record levels of office vacancies — more than 15% of offices are empty, according to data by CoStar, a real estate research firm.

“If you walk around downtown, almost every building has a ‘for lease’ sign,” said …

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1 Comment

  1. Amazing that the leaders of our city are pushing a business tax with so many businesses dying right in front of their eyes. We need to have council members who aren’t cloistered from the real world. We need less ideology and more common sense on council.

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