Category Archives: Bay Area Commercial Real Estate

Will crypto be bigger than the Gold Rush for San Francisco real estate?

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September 4, 2018

By: Brittan Hawken,Vice President, JLL

Bitcoin, like gold, isn’t a company but it sure is spawning lots of business. Centred around just this one digital currency are wallet providers, exchanges, payroll and payment service providers, venture capitalists, software developers, coin ‘mining’ pools, even ATM manufacturers. They all have a couple of things in common:  they need talent…and they need space. 

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5 questions you need to answer before the next Bay Area earthquake hits

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August 27, 2018

By: Tim Ogilvie, Senior Vice President, JLL

Two recent, but very different, reports remind us of the special risks faced by businesses operating here in the Bay Area.

A report from the Union of Concerned Scientists suggests that climate-driven rise in sea level could put more than 20,000 homes in California underwater by 2045. Marin County leads the state (4,377) but Santa Clara, San Mateo and Alameda counties also have large… Read More

Capital flows to data center sector as demand blossoms

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August 20, 2018

By Raul Saavedra, Executive Vice President, JLL

In a recent blog, I discussed development and construction activity in the data center market. With some observers projecting that US data center customers will need as much as 100,000MW of new capacity by 2020, I want to dig a little deeper into the demand cycle and what this means for the leasing market as well as capital markets.

There’s no doubt that there… Read More

Optimistic outlook for Oakland

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July 30, 2019

By: Kat Billingsley, Research Analyst, JLL

The City of San Francisco is inching closer to Prop M limitations while new developments are leasing up. According to JLL’s “Impact of Prop M” report for July 2018, only two million square feet of office space is available in the current allocation period, with almost nine million square feet pending approval. If nothing new is added to the queue, it will take years… Read More

The implications of San Francisco’s Proposition C

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July 16, 2018

By: Wes Powell, International Director & Tom Poser, Executive Vice President

The expected passage of Proposition C will impact building owners, investors and tenants. The tax will increase the gross receipts tax paid by the landlord, directly increasing their operating expenses. Real estate owners already fund a significant portion of the city’s tax revenue. On average, San Francisco generates $300-$400 million from transfer tax and nearly $2 billion in property… Read More

If you’re a CFO, are you prepared for a disaster?

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July 9, 2018

By Joel Hirigoyen,Vice President 

Fire. Flood. Earthquake. As company CFO, are these events what keep you awake at night worrying about potential business disruptors? How about a prolonged power outage?   

What about your computer system being invaded by a malicious actor, either to steal information or to install ransomware? What if your cloud-based platform has a single point of failure that you overlooked?    

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Using data to navigate office space construction costs

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June 5, 2018

By: Ann Montilla, Vice President, JLL

Building out office space can be overwhelming – not to mention expensive.

This year, for example, we estimate that even basic fit-outs for traditional office space in San Francisco will run $173.74 per square foot for the average user. That’s for a design based on a simple, low-cost budget with finishes focused on function over quality and containing basic technology and aesthetic design.

Traditional vs complex

With… Read More

Cryptocurrency is rolling in the deep

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May 16, 2018

By: Brittan Hawken, JLL

Preface

Cryptocurrency and blockchain, the ledger technology behind most cryptocurrency, is having a dynamic and disruptive effect on many aspects of the commercial real estate sector. In a series of blogs, we take a look at the latest developments in crypto and blockchain and delve into the areas of commercial real estate where they are having the biggest impact.

Cryptocurrency performance

You know an investment sector is taking off… Read More

Where have all the workers gone?

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May 8, 2018

By: Jack Nelson, JLL

Last week we learned big news:  unemployment in the U.S. dipped below 4 percent for the first time since 2000.  Now at 3.9 percent, the jobless rate is reaching historically low levels.  Unemployment was lower during the Korean War and even dipped as low as 1.2 percent during WWII, but 3.9 percent is a significant figure for peacetime.

“The low labor participation rate in the U.S., even while… Read More

Planning an Agile Workplace? Here’s some things you need to know.

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April 17, 2018

By: Linda Kramer, Occupancy Planning, JLL & Katie Rodrigues, Workplace Strategy, JLL

Agile methodology used to be the sole domain of computing and IT departments. Today, the concept has spread to working in general—including the workplaces in which the work is performed. So, when you’re thinking about the future of work, agility should be top of mind.

Formation before function

Agile methodology was conceived as a management concept to speed IT projects, such… Read More