Hacker News Reader

Totally false. We saw many commercial units between $35-50/sf IG and just signed on one at $37/sf.

"At the first quarter of 2021, the overall citywide asking rent was $73.76 per square foot (psf) down 12.0% from the peak of $83.82 psf with the Class A citywide figure at $77.66 psf, down 10.0% from $86.31 psf,. Direct space continues to be marketed at near record levels for the time being with the citywide Class A direct asking rent at $84.47 psf and the CBD Class A direct asking rent at $85.71 psf" — Cushman and Wakefield

"Totally false" — Internet rando

> Cushman and Wakefield

Aka a company with a vested interest in convincing you that the $75 price they are offering you is totally in line with the average and it's really good and you should just take it.

But an anecdote about a class-C storefront on 7th street is more reliable?

I'd say both are anecdotes with bias, but honestly, the random internet commenter has less incentive to massage the data than WC.

Also, are these figures factoring in things landlords are doing now to sweeten the deal without dropping the per month/sq price?

I.e giving months away for free or other incentives like that? Anecdotally I’ve heard office rent is way down as well.

Reply on news.ycombinator.com