Category Archives: Bay Area Commercial Real Estate

Prop M: At 31, San Francisco’s main millennial

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Date: June 19, 2017

By: Wes Powell and Jack Nelson, JLL

1986. The American president was an actor/tv star-turned-politician and the U.S. media was busy chasing a story that would embroil the White House in congressional hearings and scandal (Iran-Contra).  Meanwhile, in San Francisco, voters were adopting Proposition M, the first legislation anywhere in the country to limit high-rise office development on an annual basis.

2017. The American president is a reality TV star/businessman-turned-politician… Read More

How to make sure your office remodel doesn’t break the bank

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June 5, 2017

By: Alex Holton and Danielle Friend, JLL

“The brain is a wonderful organ; it starts working the moment you get up in the morning and does not stop until you get into the office.” – Robert Frost

Poet Robert Frost might have changed his opinion of the office if he had been writing those words today in Silicon Valley, San Francisco or Seattle. Tech-dominated markets in the Pacific Northwest have some of… Read More

North Bay real estate markets show appeal

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Date: May 15, 2017

By: Glen W. Dowling, Managing Director, JLL

First quarter stats show that more office and industrial tenants are looking to the North Bay counties of Marin, Sonoma, Napa and Solano for space options.

Substantial residential construction now underway in the region’s housing markets is one factor supporting this trend. In Sonoma County, more than 900 apartment units are currently under construction with several projects in the planning stages. Low unemployment… Read More

Transbay park will provide a vibrant oasis

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Date: May 2, 2018

By: Steve Anderson, Managing Director, JLL

The Lorax would be happy in San Francisco. Amid the concrete canyons and the bustle of downtown and the homes and shops of the city’s neighborhoods, there are more than 220 public parks and open spaces. Curbed has mapped 46 of the best.

New Growth

Perhaps soon to be added to that list, San Francisco’s latest park is taking shape seventy feet above Folsom Street… Read More

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