Yearly Archives: 2015

Amid Hotel Boom, Rising Costs of Renovation Make Savings Hard to Find…..Unless You Have a Good Project Manager

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Dec 21, 2015

By: Ryan Mathews, Marketing Manager, JLL

Owners of hotel properties in the San Francisco Bay Area face a conundrum:  the economy, buoyed by tech sector expansion, is pushing hotel occupancy and average daily room rates higher.  A study this summer conducted by Bloomberg showed that average room rates in San Francisco had leaped by 88 percent to $397 a night, making it the priciest destination among the world’s top financial centers. … Read More

East Bay is Poised for Continued Growth in the Startup Community

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By: Katherine BillingsleyResearch Analyst | Oakland-East Bay

The tech sector has been good to the Oakland-East Bay Area in recent years. Talks of tech takeover continue to make its way through the East Bay circuits, and as markets like San Francisco and Silicon Valley continue to tighten, startups and veteran tech tenants are looking to the sunny side of the Bay for relief. This trend is discussed in more detail in JLL’s… Read More

“In Line” Shopping Still Beats Online, Despite Cyber Monday Hype 

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December 14, 2015

By: Amber Schiada, VP & Director of Research, JLL

’Tis the season for media reports predicting the end of brick and mortar retail stores.

Some reports regarding recent Black Friday sales estimates have attempted to explain a drop in estimated total bricks-and-mortar sales as evidence of a wholesale move of shoppers from physical to online stores. Such conclusions are hasty and erroneous. The truth is much more nuanced, and represents a… Read More

Why Tech, and Why San Francisco?

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By: Jack Nelson, Research Analyst – San Francisco

San Francisco remains the most attractive market in the United States for tech companies, and this has driven rent growth to double in the last five years to $66.80 per square foot, and vacancy to fall to just 8.4%.  The climate of this market is detailed in JLL’s Technology Office Outlook which seeks to illustrate the growing and existing influence of Tech companies throughout the US.

An… Read More

Prioritizing Healthcare at JLL: Will Loftis

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By: The Registry – The Q

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Will Loftis, Vice President – Healthcare, PDS Northwest

Will Loftis is vice president and leader of healthcare project and development services at JLL for the northwest region, which includes Northern California. He works out of the firm’s offices in San Francisco. Before coming the global real estate services firm, he had been a design principal… Read More

Sacramento – Law Firm Trends & Outlook

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By: JLL Staff Writer

Large Sacramento law firms looking to renew their leases downtown in the short term may have few options to choose from. Space is being increasingly taken up by the State of California‘s expansion into the area.

We see growth in rental rates for the downtown area continuing over the next 12-24 months, with the overall market turning back towards landlords starting in 2017.

If you’re a smaller firm with flexible… Read More

Is NFD/North Financial District the Next Big Thing?

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By: JLL Staff Writer

San Francisco’s NFD/North Financial District –once considered staid, business-like and un-hip — continues to attract a steady stream of tech as well as traditional tenants.  Just last month, the San Francisco Business Times reported that Twitch, a growing gaming company, was planning a major expansion and would call 350 Bush, a previously “traditional” office tower, home. Several other tech companies add to the landscape including Success Factors, Xola,… Read More

San Francisco – Law Firm Trends & Outlook

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By: JLL Research

Law firms with leases set to expire within the next two years face tough decisions regarding renewal. Landlords across San Francisco are pushing for longer lease terms in an attempt to lock in today’s rates, despite expected market trends.

However, firms may have an advantage with some landlords who are seeking to diversify their highly tech-based tenant rosters.

If your firm is looking for new high-end space it may want to… Read More

San Francisco’s Emerging Market: The Central SOMA Plan [VIDEO]

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October 23, 2016

By: Ruby Bolaria and Amber Schiada, JLL Research – Northern California & Rocky Mountain Region

SOMA Development map

Central SOMA plan overview
In 2011, the San Francisco Planning Department began the process to develop an integrated community in the southern portion of the Central Subway rail corridor, surrounding 4th Street between Townsend and Market Street. The Central SOMA Plan proposes a comprehensive strategy… Read More

Oakland’s cool factor is rising!

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By: Amber Schiada and Katherine Billingsley | JLL

There’s definitely a lot of excitement surrounding Oakland these days, and it seems like that’s only going to increase since Uber announced their purchase of Uptown Station from Lane Partners last month.

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Pictured above: Uptown Station | Oakland, CA

So, why is Oakland gaining favor these days?

The easy answer:… Read More