The commercial real estate market is becoming so hot that overbidding for space is becoming a reality in many deals.
I have a client that just signed a lease South of Market that attempted to lease space in the Financial District but did not want to be a part of a bidding war and "race to the finish" which some brokers use to get deals done.
One industrial client was also told another group was making an above-asking offer but thank goodness my client is more desirable to the ownership - we are awaiting a lease and I hope to report more in the coming weeks.
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