Category Archives: Bay Area Commercial Real Estate

Tenant deposits are up. Why, and what you can do.

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April 24, 2017

By: Alex Lassar, Senior Vice President, JLL

A clear trend is developing in the market for office space in the Bay Area: landlords are asking more tenants for higher deposits. Deposits are highest for younger, venture-backed companies without much operating history or clear path to profitability.

Photo credit: Mike Cohen, mjcohen photography,… Read More

JLL’s Illina Frankiv to climb the 7 tallest summits in the world

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April 17, 2017

By: JLL Staff Writer

What does achieving ambitions look like? For Illina Frankiv, Project Manager Renewable Energy at JLL, it’s a view from 29,029 feet.

The project manager and mountaineer was recently featured in JLL’s Achieve Ambitions video campaign after she successfully summited Mt. Denali, the tallest mountain in North America.

Ain’t no mountain high enough

“The goal is to climb Everest in 2018, but there will be many more mountains in between. I’m a… Read More

Raiders rent hike in Oakland wasn’t really that bad

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April 10, 2017

By: Grant Yeatman, Senior Associate, JLL

The Raiders are leaving Oakland…again. This time they are headed to Las Vegas, where, we’re told, a $1.9 billion domed stadium will be built in the desert, or not far from it.

One of the reasons the Raiders wanted to leave the Oakland-Alameda County Coliseum, we’re also told, is because their rent “at the office” skyrocketed last year from $925,000 to $3.5 million. To be… Read More

Investors drawn to 35% higher office rents near East Bay BART stations

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April 3, 2017

By: Sam Swan, Managing Director, JLL

How much would you pay to own a house within a short walk of your local train station, or bus stop? Anecdotal evidence, as well as data from residential listing services, suggests most buyers are willing to pay a premium.

Residential trends mirror commercial

For instance,… Read More

Same-day delivery demand drives last mile distribution

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March 27, 2017

By: Jason Ovadia, Managing Director, JLL

Annual e-commerce sales reached almost $2 trillion worldwide in 2016 and could reach $4 trillion in 2020 if double digit growth projections through the rest of the decade are accurate. Currently accounting for almost 9 percent of total retail spending worldwide, that share could top 15 percent if 2020 projects prove accurate.

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Three reasons why construction costs are going up in San Francisco

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March 20, 2017

By: David Churton, International Director, JLL

There are three reasons why it’s not going to get any less expensive to build a major office building – or other real estate – in San Francisco. Not, at least, anytime soon.

Cost of land. Cost of materials. Cost of labor.

First, land–we know they aren’t making any more of it. San Francisco also has some unique geographical hurdles when it comes to building. Until… Read More

Interest rate hikes – impact on commercial real estate

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March 13, 2017

By: Christopher T. Roeder, International Director, JLL

“Mr Bond, they have a saying in Chicago: “Once is happenstance, twice is coincidence, the third time it’s enemy action.”  — Auric Goldfinger, (Goldfinger, Ian Fleming, Jonathan Cape, 1959)

Interest rates are rising. After two moves by the Fed to raise rates in the last decade, it seems highly likely we’ll see three rate hikes this year. The first may already be upon us as… Read More

Uptown Oakland | Creative people, places, and spaces

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March 6, 2017

By: Kristi Childers, Senior Associate, JLL

The American Planning Association’s choice as one of the hottest neighborhoods, Uptown Oakland is culturally diverse, artistic, and harbors an entrepreneurial spirit unique to the city. It’s also one of the country’s hottest ‘fringe’ markets according to a recent JLL research report.

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What are relationship banks and why do they matter?

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February 13, 2017

By: Alex Witt, Managing Director, JLL

Recent national and global developments have introduced a bout of volatility into the capital markets that have otherwise been steady and predictable in recent years. It’s becoming more complex for borrowers to navigate today’s commercial real estate market.

The unprecedented low-rate environment that institutional borrowers have become used to has shifted. Floating rate commercial bank loans, which had been tracking consistently in the LIBOR plus low 200… Read More

Why is placemaking important?

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February 2, 2017

By Christopher T. Roeder, International Director, JLL

Placemaking is a multi-faceted approach – some would say, a people-based approach – to the planning, design and management of public spaces. Recently, this definition has expanded to include not just public spaces but neighborhoods, and sometimes, entire cities.

Though placemaking is today a hotly debated issue among stakeholders such as municipal and urban planners, architects and the real estate development industry, the ideas… Read More