Monthly Archives: July 2016

Silicon Valley View Part 2

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July 25, 2016

By: Christian Basconcillo, Research Manager, JLL

Institutional capital’s pursuit of Class A assets in Silicon Valley continues unabated, but with rent growth likely to moderate in many markets over the next year, discussed in a recent Q2 report. Investors are becoming more sensitive to asset pricing for core product in prime submarkets.  Given recent high watermark deals for prime Class A assets in Palo Alto ($2,400/SF) and Mountain View ($1,400/SF) this is, perhaps,… Read More

Silicon Valley View Part 1

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July 20, 2016

By: Christan Basconcillo, Research Manager, JLL

Despite a new report card on the region’s economic health calling out traffic congestion and housing affordability as two of the biggest problems facing Silicon Valley’s growth track, its reputation as the premier innovation hub in the world seems secure, at least for the foreseeable future.

Screen Shot 2016-07-13 at 4.09.27 PMRead More

Sacramento Skyline Office Rents Buck National Trend

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July 18, 2016

By: Leo Canale, Senior Marketing Associate, JLL

Asking rents in the sixteen Sacramento CBD Class A office buildings that collectively make up JLL’s Skyline set reached $34.80 at the end of the first quarter 2016, up 8.4 percent from a year earlier.

Rents haven’t yet crept back up to the $37-plus level they saw in 2007, but they are more than $3.00 ahead of the market low set in 2014.  While JLL’s 2016 Skyline… Read More

KTVU: Oakland’s boat lifting on San Francisco’s rising tide

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July 13, 2016

By: Kristina Sanderson, Marketing Director, JLL

The economic growth we’ve seen in the Bay Area in the last five years has driven demand for office space throughout the region, with tech leading that trend. San Francisco and Silicon Valley have captured the lion’s share of this demand, but with little space left in those markets, tenants are now looking to Oakland and the East Bay to expand.

Amber Schiada, Vice President and Director of Research… Read More

Transbay Takes Shape

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July 12, 2016

By: Ryan Mathews, Marketing Manager, JLL

Parcel F, the last remaining site available for development in the Transbay neighborhood, has been sold by the Transbay Joint Powers Authority, paving the way for further interim financing to complete Phase 1 of the $2.25 billion transportation hub now under construction at First and Mission.

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Photo: www.transbaycenter.org

It’s been a long journey for the redevelopment of the Transbay Transit Center,… Read More