The highs and lows of commercial real estate in 2024: Bay Area offices, hotels and apartments falter, but tech deals offer hope

Widening loan defaults and foreclosures haunted Bay Area properties in 2024, but a late-year flurry of significant tech industry leases offered hope for the battered South Bay office sector. Throughout the year, sky-high vacancy levels jolted Bay Area buildings, a dearth of business travelers posed problems for hotels and expensive…

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