Category Archives: Commercial Real Estate

What’s in a Name? 

0 CommentsBy

October 25, 2016

By: Amber Schiada, Vice President & Director of Research, JLL

The retail sector in San Francisco seems headed to yet another level.  The availability of retail space in Union Square – San Francisco’s premier shopping district – is at an all time low and rents have been headed northward at a rapid rate over the last three years.  Last week, one of the Square’s longest-running retail tenants announced it would be… Read More

Bay Area’s Vital Signs Snarled by Traffic

0 CommentsBy

October 5, 2016

By: Christan Basconcillo & Eduardo Romero, JLL Research

A new report from the Metropolitan Transportation Commission (MTC) came out this week and it wasn’t pretty reading for Bay Area commuters.

header-graphic

To few people’s surprise – especially those of us who drove the routes last year — the northbound Peninsula afternoon… Read More

5 Good Reasons Why Silicon Valley Power Is Consistently Ahead of the Game

0 CommentsBy

September 26, 2016

By: Raul Saavedra, Executive Vice President, JLL

Silicon Valley Power (SVP) may not the best known utility in California but if you operate heavy power load facilities such as data centers, it’s one you probably should get to know…and fast. From my industry vantage point, data center operators throughout the Bay Area are scrambling to work with the nonprofit. There is currently single digit vacancy in the data center space… Read More

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

0 CommentsBy

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

0 CommentsBy

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

0 CommentsBy

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.

bernal heights photoRead More

East Bay Migration Outlook

0 CommentsBy

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.

Slide2Read More

Silicon Valley View Part 1

0 CommentsBy

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.

Screen Shot 2016-07-13 at 4.09.27 PMRead More

Sacramento Skyline Office Rents Buck National Trend

0 CommentsBy

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

0 CommentsBy

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