Monthly Archives: January 2016

Tech Growth Drives Bay Area Office Construction and Tenant Improvement Costs Higher

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By: JLL Staff Writer

Overall construction costs for commercial office buildings and tenant improvement projects will continue to rise in the San Francisco Bay Area through 2016 and perhaps as far out as 2020, according to research analyzed by project management experts at JLL.

JLL’s analysis of national and regional labor and materials data suggests that while the price of construction materials is likely to trend downward in 2016 – the result of… Read More

Brokerage says Sacramento office-space absorption nearly tripled in 2015

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By: Ben van der Meer, Sacramento Business Journal

After a strong end to 2015 office leasing, a broker with JLL Sacramento said there’s optimism coming into the new year.

During the fourth quarter, according to JLL, the market absorbed more than 416,000 square feet of vacant office space. Managing director Greg Levi put the year’s total for the region at 985,947 square feet, far beyond the 360,000 reported for 2014.

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