Monthly Archives: December 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.  For hotel owners,… 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 Technology Office Outlook… 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 gradual shift in… 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 innovative metric, ‘market… Read More