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
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
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.
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.