Levin Johnston Completes Two Successful Multifamily Transactions Totaling $24.45 Million in San Mateo, California 373 262 Levin Johnston | Commercial Real Estate Advisors

Levin Johnston Completes Two Successful Multifamily Transactions Totaling $24.45 Million in San Mateo, California

Levin Johnston of Marcus and Millichap, one of the top multifamily brokerage teams in the U.S. specializing in wealth management through commercial real estate investments, successfully completed the sale of two multifamily communities in San Mateo, California, with a total transaction volume of $24.45 million.

“Investor demand in San Mateo is at an all-time high as employment opportunities and superb quality-of-life are driving down vacancy rates and placing upward pressure on rents,” explains Adam Levin, executive managing director for Levin Johnston. “While job growth remains strong throughout the entire Bay Area, the San Francisco/Peninsula submarket, which encompasses San Francisco and San Mateo County, experienced 3.5 percent employment growth last year, outpacing the East Bay at 2.2 percent.”

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