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. … Read More
By: Katherine Billingsley, Research 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… Read More
By every measure, San Francisco’s commercial real estate market is on fire, and the tech industry continues to fuel it. Tech companies occupy 25% of San Francisco’s office inventory and yet are accountable for 70% of the city’s net occupancy growth. The health of the tech economy and that… Read More
Located within one of the hottest economic regions in the U.S. , the suburban East Bay is at a pivotal point in the office market. Previously overshadowed by the booming high-tech hubs of San Francisco and Silicon Valley, the suburban East Bay is beginning to shine on its own. All of the jobs lost in the recession were recovered… Read More
Confidence amongst the venture capital community continues to rise in the East Bay with another large round of funding recorded in this cycle at $93 million dollars. Despite a decrease in funding since last quarter, the East Bay continues to be in the top ten VC funding markets in the United States.