Category Archives: San Francisco Commercial Real Estate

Northern California office markets end year on a high note

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February 22, 2018

By: Susan Persin, Research Director, Northern California, JLL

A string of four mega leases, all closed in the fourth quarter of the year, capped a record-setting year for San Francisco’s office market.  With 18 leases over 100,000 square feet, 2017 surpassed 2014 for major leases signed.  Around Northern California, other records were set.  Here are highlights for the region’s major submarkets, along with our outlook for 2018.

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Think globally, give locally

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December 10, 2017

By: Tom Poser, Executive Vice President, JLL

This is the time of the year when our thoughts and actions turn toward others. After all, it’s known as the Season of Sharing.

Being a good corporate citizen is one of JLL’s primary ambitions as a firm. In fact, the firm was recently ranked first among financial, insurance and real estate companies in Corporate Responsibility magazine’s 100 Best Corporate Citizens list.

Giving back to the… Read More

Tech-by-the-Bay: Less of a bubble, more of an economic revolution

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November 28, 2017

 By: Steffen Kammerer, Senior Vice President, JLL

JLL’s latest report on Tech Office Trends shows the Bay Area’s continuing dominance as a global center of innovation.

This may be news to some of you reading this, but the revered “three dot” Chronicle columnist Herb Caen christened San Francisco “Baghdad-by-the-Bay” because of its diversity and multiculturalism. While that diversity still exists, if he were alive today I’d like to think he’d propose… Read More

Same-day delivery demand drives last mile distribution

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March 27, 2017

By: Jason Ovadia, Managing Director, JLL

Annual e-commerce sales reached almost $2 trillion worldwide in 2016 and could reach $4 trillion in 2020 if double digit growth projections through the rest of the decade are accurate. Currently accounting for almost 9 percent of total retail spending worldwide, that share could top 15 percent if 2020 projects prove accurate.

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Three reasons why construction costs are going up in San Francisco

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March 20, 2017

By: David Churton, International Director, JLL

There are three reasons why it’s not going to get any less expensive to build a major office building – or other real estate – in San Francisco. Not, at least, anytime soon.

Cost of land. Cost of materials. Cost of labor.

First, land–we know they aren’t making any more of it. San Francisco also has some unique geographical hurdles when it comes to building. Until… Read More

Data does it in Northern California

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February 27, 2017

By: Raul Saavedra, Executive Vice President, JLL

The Northern California data center market continued to chug along in 2016 although we saw a marked slowdown in leasing activity in the fourth quarter. Much of our market’s new activity occurred in the first half of the year with some major users taking down big chunks of capacity.


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Can Silicon Valley keep up the momentum?

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February 20, 2017

By: Chris Crow, Senior Vice President, JLL

The world’s foremost innovation ecosystem continues to flourish, attract talent and capital from across the globe, a fact confirmed by Silicon Valley’s Top 3 place in this year’s JLL City Momentum Index.


Only Bangalore, India and Ho Chi Minh City, Vietnam, scored… Read More

What are relationship banks and why do they matter?

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February 13, 2017

By: Alex Witt, Managing Director, JLL

Recent national and global developments have introduced a bout of volatility into the capital markets that have otherwise been steady and predictable in recent years. It’s becoming more complex for borrowers to navigate today’s commercial real estate market.

The unprecedented low-rate environment that institutional borrowers have become used to has shifted. Floating rate commercial bank loans, which had been tracking consistently in the LIBOR plus low 200… Read More

Why is placemaking important?

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February 2, 2017

By Christopher T. Roeder, International Director, JLL

Placemaking is a multi-faceted approach – some would say, a people-based approach – to the planning, design and management of public spaces. Recently, this definition has expanded to include not just public spaces but neighborhoods, and sometimes, entire cities.

Though placemaking is today a hotly debated issue among stakeholders such as municipal and urban planners, architects and the real estate development industry, the ideas… Read More

What’s in a Name? 

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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