Category Archives: San Francisco Market

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 closing.  As in… Read More

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

Transbay Takes Shape

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July 12, 2016

By: Ryan Mathews, Marketing Manager, JLL

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.

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Photo: www.transbaycenter.org

It’s been a long journey for the redevelopment of the Transbay Transit Center,… Read More

Ability to implement office design critical – on par with price and location

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June 29, 2016

By: Ryan Mathews, Marketing Manager, JLL

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 commercial real

Large Block Office Demand Gap Narrowing in San Francisco

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June 2, 2016

By: Jack Nelson, Research Analyst

Appetite for San Francisco office space remains strong. According to our data, there were six large-block lease deals through the first four months of 2016. In April, the market saw three leases greater than 100,000 square feet including Lyft, Stripe, and Fitbit. These were deals that removed a significant amount of sublease space from the market at the time.

There are 14 large contiguous blocks of 100,000 square feet… Read More

Bay Area jobs growth slowed in March, but still above national average

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By: Amber Schiada, Vice President & Director of Research

The 215,000 new jobs created nationwide in March show the U.S. experiencing consistent, if slightly slower, employment growth.  In the San Francisco Bay Area, where hiring has been robust in the last few years, job growth also slowed.  The good news is that our market is still adding jobs at a pace ahead of the national average.  In fact, San Francisco was one of the few… 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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Play Ball! Bay Area Baseball Season Underway

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By: Ryan Mathews, Marketing Manager, JLL

Major League Baseball’s regular season began this week, and the Bay Area has a lot to look forward to.

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Photo credit: San Francisco Giants @SFGiants

On Monday night, the Oakland A’s had their home opener at Oakland Coliseum and narrowly lost to the Chicago White Sox, 4-3.  The San Francisco Giants opened the season on… Read More

Why culture is key to increasing engagement

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

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Culture is intangible, hard to measure actively, yet easy to sense when you walk into an office space. Workplaces are rarely neutral when it comes to communicating a buzz of engagement or a sluggish vibe of resignation. Company culture can significantly affect very real business outputs. Companies

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Is San Francisco’s Sublease Sky Falling? We think it’s unlikely, here’s why.

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

Are we about to witness a sublease crisis in San Francisco’s office market?  We think it is unlikely in the near term.  Here’s why:

pexels-photo-29821Sublease space has increased, reaching 2.27MSF in the last week of March.  That’s up from an average of 1.5MSF throughout 2015. While any rise in sublease space is concerning and this amount of sublease space is… Read More