Could one answer to the Bay Area’s horrendous commutes be right in front of our collective noses? It is the Bay Area, after all.
It’s seven miles as the crow flies across water from Robert Crown Memorial Beach in Alameda to the Ferry Building in San Francisco, five miles from Emeryville Marina and four miles from Middle Harbor Shoreline Park at the mouth of the Oakland Estuary.
Bitcoin, like gold, isn’t a company but it sure is spawning lots of business. Centred around just this one digital currency are wallet providers, exchanges, payroll and payment service providers, venture capitalists, software developers, coin ‘mining’ pools, even ATM manufacturers. They all have a couple of things in common: they need talent…and they need space.
Two recent, but very different, reports remind us of the special risks faced by businesses operating here in the Bay Area.
A report from the Union of Concerned Scientists suggests that climate-driven rise in sea level could put more than 20,000 homes in California underwater by 2045. Marin County leads the state (4,377) but Santa Clara, San Mateo and Alameda counties also have large… Read More
In a recent blog, I discussed development and construction activity in the data center market. With some observers projecting that US data center customers will need as much as 100,000MW of new capacity by 2020, I want to dig a little deeper into the demand cycle and what this means for the leasing market as well as capital markets.
In today’s all out-war for talent, in one of the tightest labor markets in the history of this country, companies have to pull out all the stops to win.
Earlier this summer, Walmart Inc., the largest private employer in the U.S., became the latest US company to offer employees the perk of heavily subsidized college tuition. The Walmart program will give both part- and full-time… Read More
The Cloud. The Internet of Things (IoT). Artificial intelligence. Digital transformation. 5G.
These are just a few of the drivers behind the tremendous explosion in data demand in the U.S. today. They are also big reasons why the U.S. reportedly needs upwards of 4,000 new data centers to be built by 2020 just to keep pace with demand. That’s about 100,000MW of capacity. Our… Read More
The City of San Francisco is inching closer to Prop M limitations while new developments are leasing up. According to JLL’s “Impact of Prop M” report for July 2018, only two million square feet of office space is available in the current allocation period, with almost nine million square feet pending approval. If nothing new is added to the queue, it will take years… Read More
The $700 billion a year trucking industry is a vital component of any company’s logistics strategy and is responsible for moving about 70 percent of all freight tonnage in the U.S. Last year, total business spending on logistics in this country rose 6.2 percent to $1.5 trillion. Industry costs are rising, largely due to increased demand, higher fuel prices and, most importantly, a growing… Read More
By: Wes Powell, International Director & Tom Poser, Executive Vice President
The expected passage of Proposition C will impact building owners, investors and tenants. The tax will increase the gross receipts tax paid by the landlord, directly increasing their operating expenses. Real estate owners already fund a significant portion of the city’s tax revenue. On average, San Francisco generates $300-$400 million from transfer tax and nearly $2 billion in property… Read More
Fire. Flood. Earthquake. As company CFO, are these events what keep you awake at night worrying about potential business disruptors? How about a prolonged power outage?
What about your computer system being invaded by a malicious actor, either to steal information or to install ransomware? What if your cloud-based platform has a single point of failure that you overlooked?