Monthly Archives: August 2016

NorCal ranks among top 18 distribution markets in the U.S.

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August 30, 2016

By: Jason Ovadia, Managing Director, Industrial and Logistics

Logistics and the supply chain are critical to the success of companies that produce or distribute goods.  In Northern California, technology and the growth of advanced manufacturing have boosted the region’s position as a top distribution market and greater scrutiny is being focused on the region’s port, rail and road infrastructure as well as the availability of modern warehouse distribution and industrial facilities.

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Cloudy Outlook OK for Bay Area Data Centers

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August 22, 2016

By: Ryan Mathews, Marketing Manager, JLL

Tech and communication firms with major cloud storage presence and requirements are driving heavy demand for ‘wholesale’ – or single-user, self contained — data facilities in the Bay Area.  With the total size of the global cloud-managed service market expected to double by 2021 the outlook is generally positive for single user facilities. Data Center

In fact, the San Francisco Bay Area has… Read More

Project Pipeline Points to the Rise of California’s Capital City

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August 17, 2016

By: Leo Canale, Senior Marketing Associate, JLL

Sacramento may be a little over 1.5 hours drive (without traffic!) from downtown San Francisco, but Millennials know it isn’t that far away from the Bay Area’s buoyant tech-driven economy.Above SacramentoSacramento’s appeal among Millennials has been well documented and that attraction for a Millennials powerful segment of the modern workforce… Read More

San Francisco’s Central SOMA Plan One Step Closer to Reality

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August 15, 2016

By: Jack Nelson, Research Analyst, JLL

City planners’ vision of creating San Francisco’s next major sustainable urban neighborhood took a major step forward last week with the official unveiling of the draft Central SOMA Plan.

Central SOMA (SOuth of MArket) is a 230-acre neighborhood adjacent to San Francisco’s downtown core.  Currently, it is a mix of light industrial, commercial and residential and, under current zoning, has the potential to build space for 10,000 new jobs… Read More

Oakland on Top – Global Office Index 2016

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August 10, 2016

By: Ryan Mathews, Marketing Manager, JLL

All-in-all, demand for corporate office space is proving incredibly resilient around the world.  According to JLL’s Global Office Index-Q2 2016 report rents on prime office assets across 110 markets covered worldwide increased 3.6% year-on-year in the second quarter, the fastest pace of annual growth in four years.

Nowhere was this trend more apparent than in Oakland, which had the largest annual rate of rent growth in its office sector… Read More

Designs that inspire

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August 8, 2016

By: Ryan Mathews, Marketing Manager, JLL

The World Architecture Festival has released its shortlist of finalists for its 2016 ‘World Building of the Year’ awards.  The winners will be announced at the November festival, to be held this year in Berlin, Germany.

The U.K. fields the most finalists this year but 58 countries and 343 projects – both existing and planned — are represented on the shortlist.  All of the projects are inspiring, but… Read More

Apartment for Rent

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August 3, 2016

By: Brittany Martinez, Marketing Coordinator, JLL

The Bay Area’s rental apartment market is booming.  Vacancies throughout the greater Bay Area are highest in San Jose, at 3.7 percent.  That’s almost a full percentage point lower than the national average.  The availability of units in the East and North Bay markets is even lower, at 2.3 percent.

bernal heights photoRead More

East Bay Migration Outlook

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August 1, 2016

By: Katherine Billingsley, Research Analyst, JLL

The East Bay is emerging into the Bay Area spotlight, proving to be a viable contender to neighboring markets.

San Francisco’s high prices are prompting migrations, expansions, or partial moves into the East Bay. East Bay’s total average asking rents are nearly 50% less than San Francisco’s.

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