Category Archives: East Bay Commercial Real Estate

Investors drawn to 35% higher office rents near East Bay BART stations

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April 3, 2017

By: Sam Swan, Managing Director, JLL

How much would you pay to own a house within a short walk of your local train station, or bus stop? Anecdotal evidence, as well as data from residential listing services, suggests most buyers are willing to pay a premium.

Residential trends mirror commercial

For instance, last year real… Read More

Large users have few options in Walnut Creek

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January 18, 2017

By: Kameron Schroeder, Vice President, JLL Walnut Creek

Large tenants — those needing 15,000 square feet or more of Class A office space — face a dilemma in the East Bay’s popular Walnut Creek/I-680N corridor market:  very few large blocks of space are currently available for lease.

Walnut Creek has rapidly become one of the region’s most popular submarkets due to it being a high density/transit-oriented commuter hub, particularly attractive to the Millennial generation. … Read More

Bay Area’s Vital Signs Snarled by Traffic

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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.

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To few people’s surprise – especially those of us who drove the routes last year — the northbound Peninsula afternoon commute on U.S.… 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 its office sector… Read More

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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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 Director of Research… Read More

San Francisco Bay Area Office Market Overview: Q1 2016

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By: Amber Schiada, Vice President & Director of Research

Despite concerns with global market volatility, Bay Area office markets started 2016 on a solid basis. We’ve included a review of the Q1 highlights for each of the five Bay Area markets below which tracked in our recent Office Outlook report.

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SAN FRANCISCO

  • Total sublease space on the market in the city approaches levels last seen in
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Amid Hotel Boom, Rising Costs of Renovation Make Savings Hard to Find…..Unless You Have a Good Project Manager

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Dec 21, 2015

By: Ryan Mathews, Marketing Manager, JLL

Owners of hotel properties in the San Francisco Bay Area face a conundrum:  the economy, buoyed by tech sector expansion, is pushing hotel occupancy and average daily room rates higher.  A study this summer conducted by Bloomberg showed that average room rates in San Francisco had leaped by 88 percent to $397 a night, making it the priciest destination among the world’s top financial centers.  For hotel owners,… Read More

East Bay is Poised for Continued Growth in the Startup Community

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By: Katherine BillingsleyResearch Analyst | Oakland-East Bay

The tech sector has been good to the Oakland-East Bay Area in recent years. Talks of tech takeover continue to make its way through the East Bay circuits, and as markets like San Francisco and Silicon Valley continue to tighten, startups and veteran tech tenants are looking to the sunny side of the Bay for relief. This trend is discussed in more detail in JLL’s Technology Office Outlook… Read More