Category Archives: Commercial Real Estate

San Francisco’s Central SOMA Plan One Step Closer to Reality

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August 15, 2016

By: Jack Nelson, Research Analyst, JLL

City planners’ vision of creating San Francisco’s next major sustainable urban neighborhood took a major step forward last week with the official unveiling of the draft Central SOMA Plan.

Central SOMA (SOuth of MArket) is a 230-acre neighborhood adjacent to San Francisco’s downtown core.  Currently, it is a mix of light industrial, commercial and residential and, under current zoning, has the potential to build space for… Read More

Oakland on Top – Global Office Index 2016

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August 10, 2016

By: Ryan Mathews, Marketing Manager, JLL

All-in-all, demand for corporate office space is proving incredibly resilient around the world.  According to JLL’s Global Office Index-Q2 2016 report rents on prime office assets across 110 markets covered worldwide increased 3.6% year-on-year in the second quarter, the fastest pace of annual growth in four years.

Nowhere was this trend more apparent than in Oakland, which had the largest annual rate of rent growth in… Read More

Apartment for Rent

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August 3, 2016

By: Brittany Martinez, Marketing Coordinator, JLL

The Bay Area’s rental apartment market is booming.  Vacancies throughout the greater Bay Area are highest in San Jose, at 3.7 percent.  That’s almost a full percentage point lower than the national average.  The availability of units in the East and North Bay markets is even lower, at 2.3 percent.

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East Bay Migration Outlook

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August 1, 2016

By: Katherine Billingsley, Research Analyst, JLL

The East Bay is emerging into the Bay Area spotlight, proving to be a viable contender to neighboring markets.

San Francisco’s high prices are prompting migrations, expansions, or partial moves into the East Bay. East Bay’s total average asking rents are nearly 50% less than San Francisco’s.

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Silicon Valley View Part 1

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July 20, 2016

By: Christan Basconcillo, Research Manager, JLL

Despite a new report card on the region’s economic health calling out traffic congestion and housing affordability as two of the biggest problems facing Silicon Valley’s growth track, its reputation as the premier innovation hub in the world seems secure, at least for the foreseeable future.

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Sacramento Skyline Office Rents Buck National Trend

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July 18, 2016

By: Leo Canale, Senior Marketing Associate, JLL

Asking rents in the sixteen Sacramento CBD Class A office buildings that collectively make up JLL’s Skyline set reached $34.80 at the end of the first quarter 2016, up 8.4 percent from a year earlier.

Rents haven’t yet crept back up to the $37-plus level they saw in 2007, but they are more than $3.00 ahead of the market low set in 2014.  While… Read More

KTVU: Oakland’s boat lifting on San Francisco’s rising tide

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July 13, 2016

By: Kristina Sanderson, Marketing Director, JLL

The economic growth we’ve seen in the Bay Area in the last five years has driven demand for office space throughout the region, with tech leading that trend. San Francisco and Silicon Valley have captured the lion’s share of this demand, but with little space left in those markets, tenants are now looking to Oakland and the East Bay to expand.

Amber Schiada, Vice President and… Read More

Transbay Takes Shape

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July 12, 2016

By: Ryan Mathews, Marketing Manager, JLL

Parcel F, the last remaining site available for development in the Transbay neighborhood, has been sold by the Transbay Joint Powers Authority, paving the way for further interim financing to complete Phase 1 of the $2.25 billion transportation hub now under construction at First and Mission.

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Photo: www.transbaycenter.org

It’s been a long journey for the redevelopment of the… Read More

Ability to implement office design critical – on par with price and location

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June 29, 2016

By: Ryan Mathews, Marketing Manager, JLL

Office design that appeals to an employee’s non-work self, has open and flexible workspace options, and uses natural materials is important for companies in San Francisco to consider. The ability to implement these current trends is as critical, if not equal to, price and location. The Skyline report examines local insights on office supply, demand, leverage and investment.

Office design trends… Read More One of the hot topics

We are Technology

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June 13, 2016

By: Ryan Mathews, Marketing Manager, JLL

In a recent interview, JLL Northwest market director Elizabeth Hearle pointed to the pace of technological change as one of the biggest challenges facing the commercial real estate sector. She’s clearly not alone in that view.  Even outside the world of real estate, there is much to suggest that adoption of technology is speeding up.

A businessman using a mobile phoneRead More