Yearly Archives: 2016

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

Categories: Uncategorized.

Northern California Construction Costs Continue to Rise

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December 12, 2016

By: Danielle Friend, Vice President, JLL

Northern California isn’t getting any cheaper when it comes to construction costs.

Bay Area construction costs trail only New York

Not surprisingly perhaps — since they were also #2 and #3 respectively among the most expensive markets in which to build last quarter — San Francisco, and San Jose trail only lofty New York City in JLL’s 2016 Q3 U.S. Construction Outlook.

Window Shopping in San Francisco’s Union Square

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December 12, 2016

By: Jamie Kendall, JLL Retail

On November 17, I chaired and hosted a tour of Union Square as part of the International Council of Shopping Centers’ (ICSC) NextGen program. Myself, my colleague Ross White, Amber Wright of ROIC, and several other ICSC NextGen committee members (including about 60 other retail professionals) toured 10 buildings, each of which could be viewed as exemplifying a key trend with impact on the broader retail market in and… Read More

Categories: Retail, Uncategorized.

San Francisco Flagship Stores Lead Way for Retail

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December 7, 2016

By: Ben Lazzareschi, Executive Vice President, JLL Retail

A flagship is a lead ship guiding a fleet, and today flagship stores act similarly for a retailer guiding their store portfolio with innovative concepts, technology and merchandise.  JLL’s latest research report Flagship Confidential, shows an increase in retailers across all price points using a flagship store strategy. The report, which looks at 145 flagship stores in four of the most important markets of the… Read More

Categories: Retail, Uncategorized.

Park Tower at Transbay Concrete Foundation Pour

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December 5, 2016

By: Christopher T. Roeder, International Director, JLL

Do you ever wonder what’s beneath the office building you work in?  No, not the parking garage–what the building is constructed on?

Park Tower at Transbay isn’t just San Francisco’s most dynamic major office development—with 14 outdoor sky decks planned that boast sweeping bay views.  It also incorporates state-of-the-art design and construction anchoring the soon to be 605-foot tall tower firmly 25 feet into bedrock.

Swimming in concrete

What… Read More

High Tech Venture Capital Funding 2016 Q3 : What’s Ahead for 2017

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November 29, 2017

By: Jack Nelson, Research Analyst, JLL

There’s an old saying: Everything is relative.

“Everything is relative” might easily sum up the Venture Capital market in 2016. Q3 was a quiet quarter for what has traditionally been a dynamic industry. US venture capital funding fell 13 percent on a trailing basis. The number of VC-backed tech deals also dipped by 35 percent year-over-year.

Bay Area venture capital funding still performs

The Bay Area still accounted for half… Read More

Categories: Technology, VC Funding.

Bay Area Transit Systems Continue To Expand

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November 14, 2016

By Steffen Kammerer, Senior Vice President, JLL

A recent report issued by the Northern California JLL research team suggests that investors looking for the best opportunities in the San Francisco Bay Area office sector would do well to “get on the train.”

“Tenant migration along the rail spreads outwards most notably from San Francisco and Palo Alto.  Submarkets adjacent to these markets have recorded the most demand in the current cycle,” the report says.

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Life Science Sector Thrives In Bay Area

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October 31, 2016

By: Christian Basconcillo, Research Manager, JLL

While the tech sector grabs most of the headlines in the Bay Area these days, there is also a thriving life science economy here.

According to JLL’s 2016 Life Sciences Outlook, robust clusters have been established throughout the Bay Area with South San Francisco, Silicon Valley and the East Bay communities of Berkeley and Emeryville particularly well populated.

life-sciencesRead More

Categories: Research.

What’s in a Name? 

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October 25, 2016

By: Amber Schiada, Vice President & Director of Research, JLL

The retail sector in San Francisco seems headed to yet another level.  The availability of retail space in Union Square – San Francisco’s premier shopping district – is at an all time low and rents have been headed northward at a rapid rate over the last three years.  Last week, one of the Square’s longest-running retail tenants announced it would be closing.  As in… Read More

Law Office Space: The Legal Squeeze Continues

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October 19, 2016

By Julia Wilhelm, Executive Vice President, JLL

The legal services industry is fighting rising office costs during this economic cycle by aggressively pursuing efficiency in space utilization, via “rightsizing” the law office. 

The typical U.S. law firm has cut its physical footprint by more than 22 percent in recent years and this trend continues.  According to the just released JLL 2016 U.S. Law Firm Perspective, law firms are looking to reduce target occupancy by… Read More