Category Archives: Bay Area Commercial Real Estate

Northern California office markets end year on a high note

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February 22, 2018

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.

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Tech-by-the-Bay: Less of a bubble, more of an economic revolution

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November 28, 2017

 By: Steffen Kammerer, Senior Vice President, JLL

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

Bay Area making a mark on manufacturing

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November 14, 2017

By: Greg Matter, Managing Director, JLL

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

Northern California office market overview – Q3 2017

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October 25, 2017

By: Susan Persin, Research Director, Northern California, JLL

SAN FRANCISCO OFFICE MARKET, Q3 2017
  • Positive absorption returns to San Francisco as large tenants move in to pre-leased space.
  • About 3.6 MSF of new space to be added to market by Q1 2018 with delivery of Salesforce Tower and 350 Bush. However,
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Real estate gold rush: it isn’t always the miner who gets the gold

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October 4, 2017

By: Andy Poppink, Managing Director, JLL

This writing is based on a keynote presentation I delivered at the DisruptCRE / JLL Live event held in San Francisco on September 14th.

  “If I had asked people what they wanted, they would have said faster horses.”  — Henry Ford

That’s the point of innovation, isn’t it? We often really don’t know what we want or need until someone like a Ford or a Gates… Read More

Mobile phone screens are the new “land grab” for retailers

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September 25, 2017

By: Michael DeMaria, Managing Director, JLL

Retailers have been quicker to adopt new technologies than most other users of ‘brick and mortar’ real estate.

This statement might seem a little confusing given that ‘traditional’ retailers have taken a bit of a beating recently due to the rapid rise and reach of e-commerce, but it’s true.  Here’s why.

There’s an app for that

While 95 percent of Americans own a mobile phone of some… Read More

Cool cribs aren’t just for techies

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September 19, 2017

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

Why has culture become so important in today’s workplace?

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Date: August 14, 2017

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

Northern California skylines filling up fast

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July 31, 2017

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

San Francisco to add 7,100 hotel rooms by 2020

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July 13, 2017

By: Sonia Greenlee, Senior Vice President, JLL Hotels & Hospitality

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