Commercial Real Estate Recovering in San Francisco

Things are looking slightly better for commercial real estate in the Bay Area, and especially in San Francisco.

The global consultancy and accounting firm PricewaterhouseCoopers will be formally announcing this at an “emerging trends in real estate” conference on Thursday. Charles DiRocco, the head of real estate research for the company, explained that they are “comfortable saying 2011 will see marginal improvements in metro areas like San Francisco, and the beginning of a new business real estate cycle.”

According to a report released earlier this season, San Francisco ranks third in profitable real estate potential, following Washington D.C. and New York.

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