Three reasons why construction costs are going up in San Francisco

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March 20, 2017

By: David Churton, International Director, JLL

There are three reasons why it’s not going to get any less expensive to build a major office building – or other real estate – in San Francisco. Not, at least, anytime soon.

Cost of land. Cost of materials. Cost of labor.

First, land–we know they aren’t making any more of it. San Francisco also has some unique geographical hurdles when it comes to building. Until the engineers can… Read More

Interest rate hikes – impact on commercial real estate

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March 13, 2017

By: Christopher T. Roeder, International Director, JLL

“Mr Bond, they have a saying in Chicago: “Once is happenstance, twice is coincidence, the third time it’s enemy action.”  — Auric Goldfinger, (Goldfinger, Ian Fleming, Jonathan Cape, 1959)

Interest rates are rising. After two moves by the Fed to raise rates in the last decade, it seems highly likely we’ll see three rate hikes this year. The first may already be upon us as I write this… Read More

Uptown Oakland | Creative people, places, and spaces

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March 6, 2017

By: Kristi Childers, Senior Associate, JLL

The American Planning Association’s choice as one of the hottest neighborhoods, Uptown Oakland is culturally diverse, artistic, and harbors an entrepreneurial spirit unique to the city. It’s also one of the country’s hottest ‘fringe’ markets according to a recent JLL research report.

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Photo credit: Sky High

Data does it in Northern California

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February 27, 2017

By: Raul Saavedra, Executive Vice President, JLL

The Northern California data center market continued to chug along in 2016 although we saw a marked slowdown in leasing activity in the fourth quarter. Much of our market’s new activity occurred in the first half of the year with some major users taking down big chunks of capacity.

 

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Can Silicon Valley keep up the momentum?

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February 20, 2017

By: Chris Crow, Senior Vice President, JLL

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The world’s foremost innovation ecosystem continues to flourish, attract talent and capital from across the globe, a fact confirmed by Silicon Valley’s Top 3 place in this year’s JLL City Momentum Index.

Only Bangalore, India and Ho Chi Minh City, Vietnam, scored higher in JLL’s… Read More

What are relationship banks and why do they matter?

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February 13, 2017

By: Alex Witt, Managing Director, JLL

Recent national and global developments have introduced a bout of volatility into the capital markets that have otherwise been steady and predictable in recent years. It’s becoming more complex for borrowers to navigate today’s commercial real estate market.

The unprecedented low-rate environment that institutional borrowers have become used to has shifted. Floating rate commercial bank loans, which had been tracking consistently in the LIBOR plus low 200 basis point range… Read More

Why is placemaking important?

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February 2, 2017

By Christopher T. Roeder, International Director, JLL

Placemaking is a multi-faceted approach – some would say, a people-based approach – to the planning, design and management of public spaces. Recently, this definition has expanded to include not just public spaces but neighborhoods, and sometimes, entire cities.

Though placemaking is today a hotly debated issue among stakeholders such as municipal and urban planners, architects and the real estate development industry, the ideas behind placemaking are… Read More

Large users have few options in Walnut Creek

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January 18, 2017

By: Kameron Schroeder, Vice President, JLL Walnut Creek

Large tenants — those needing 15,000 square feet or more of Class A office space — face a dilemma in the East Bay’s popular Walnut Creek/I-680N corridor market:  very few large blocks of space are currently available for lease.

Walnut Creek has rapidly become one of the region’s most popular submarkets due to it being a high density/transit-oriented commuter hub, particularly attractive to the Millennial generation. … Read More

Office rents 30% higher near amenity-rich transit

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January 9, 2017

By: Steve Clark, Executive Vice President, JLL

How much would a Bay Area business pay for its employees to be able to take a train to work and walk or bike less than 10 minutes to the office?

According to a recent research report compiled by JLL’s San Francisco Bay Area research team, about 30 percent more – on average – than businesses located more than a 10 minute walk from a station. The team… Read More

Girls on the Run 5K

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December 21, 2016

By: Kristina Wollan, Senior Vice President, JLL

Girls on the Run of the Bay Area is an international non-profit organization whose mission is to “inspire girls to be joyful, healthy and confident using a fun, experience-based curriculum which creatively integrates running.” JLL’s Women’s Business Network in the San Francisco Bay Area, together with the JLL Health Champions of Northern California, recently partnered with Girls on the Run to support young women and girls in… Read More

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