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.
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.
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.
It’s been a long journey for the redevelopment of the… Read More
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
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.
Appetite for San Francisco office space remains strong. According to our data, there were six large-block lease deals through the first four months of 2016. In April, the market saw three leases greater than 100,000 square feet including Lyft, Stripe, and Fitbit. These were deals that removed a significant amount of sublease space from the market at the time.
There are 14 large contiguous blocks of… Read More
Sitting desks, standing desks, treadmill desks, exercise ball desks – which of these will work best for your company? Better yet, which one will work best for you?
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Explore these fads, plus many more on JLL’s new workplace site, OfficeRenew.com – dedicated to keeping you informed with the stats, tools and research around what makes a workplace great. Dive in to the latest workplace conundrum now… Read More
Do you struggle with finding a quiet place? Work is stressful enough without the distraction of other conversations, but in the shift to modern, open office concepts, privacy can be a challenge. What workplace solutions should you consider when seeking the balance between collaboration and privacy?
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Explore these fads, plus many more on JLL’s new workplace site, OfficeRenew.com – dedicated to keeping you informed with the… Read More