By: Susan Persin, Research Director, Northern California, JLL
A string of four mega leases, all closed in the fourth quarter of the year, capped a record-setting year for San Francisco’s office market. With 18 leases over 100,000 square feet, 2017 surpassed 2014 for major leases signed. Around Northern California, other records were set. Here are highlights for the region’s major submarkets, along with our outlook for 2018.
JLL’s latest report on Tech Office Trends shows the Bay Area’s continuing dominance as a global center of innovation.
This may be news to some of you reading this, but the revered “three dot” Chronicle columnist Herb Caen christened San Francisco “Baghdad-by-the-Bay” because of its diversity and multiculturalism. While that diversity still exists, if he were alive today I’d like to think he’d propose… Read More
For a region much better known for its concentration of technology companies, there sure is a lot of manufacturing going on in the Bay Area. That’s one of the key findings of new report co-produced by JLL and the Bay Area Urban Manufacturing (BAUM) Initiative, a project of SFMade.
Fully ten percent of the region’s workforce is employed in the manufacturing sector and more than… Read More
By: Alex Holton, Senior Vice President, LEED AP BD+C, JLL
Our data for this is purely anecdotal, but San Francisco has perhaps the highest density of coolest office spaces of any city in America. Just flip through any number of ‘Cool Spaces’ blogs and features or scroll through tech websites like Cnet or Wired or Techcrunch and you’ll see the evidence. There’s also entire websites dedicated to showcasing cool office… Read More
By: Gina Prasad, JLL, Chief Operating Officer, West
We hear a lot in business today about ‘culture’. Culture was Merriam-Webster’s ‘Word of the Year’ in 2014, partly because of the way it has been used in business circles. It’s becoming even more important as companies look to build strong brands.
Conventional wisdom suggests that a strong company culture is the sign of a good business. Often, a positive company culture… Read More
By: Susan Persin, Northern California Research Director
The Northern California megaregion isn’t the most populous in the country but it is one of the most productive. In 2014, the 21 counties making up our megaregion – from Yuba in the north to Monterey in the south – had a combined gross regional product of $875 billion, the highest of any region in the country.
This strong economy is evident in everyday… Read More
It’s reset time for the San Francisco hospitality market. After 9 years of little or no new hotel construction, San Francisco is set to see four major hotels open this year. They are: Yotel SF in mid-Market; Hotel Via in SOMA; Virgin Hotel and the Marriott Mission Bay. Another six or so hotels are also in planning and due to… Read More