Category Archives: San Francisco Market

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… Read More

The benefits of a desirable workplace

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By: JLL Staff Writer

Genuine expression of a strong and vibrant company culture can also serve to attract new talent. One workplace study indicates that the combination of organizational culture and workplace facilities outweighs salary and benefits as the influential factors in choosing an employer.

This observation is backed by another study (Fig 3) where 74 percent of candidates would consider a slightly lower paying job in a company

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The problem of workforce disengagement

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By: JLL Staff Writer

Despite the advances in office design and workplace strategies, the focus on short term cost efficiency has led to an undervaluing of the only resource with unlimited potential— your workforce. Studies continue to show a trend of increasing worker disengagement (Fig 1).

Figure 1

engagement-01

A recent State of the American Workplace

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Healthier jobs growth returned in February, but variance remains

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By: Phil Ryan, JLL Research, Washington DC

After a slow January, February employment showed a healthy return to growth with 242,000 net new jobsUnemployment remained at 4.9 percent, but total unemployment dropped to just 9.7 percent—the lowest rate since before the recession.​

This drop can be attributed to fewer marginally detached workers, improved employee confidence and small-but-significant gains in the active labor force.

 

March 2016 U.S. employment update andRead More

Fully engaged – What does your workplace say about your company culture?

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By: JLL Research

 

Screen Shot 2016-03-10 at 11.41.32 AMIn the upcoming weeks, we will share sections of a recent JLL research report that advocates for the importance of ‘workplace expression’ as a crucial tool that improves employee engagement and motivation. The physical design of the workplace can harness and communicate a company’s culture and brand values.

The future of the workplace

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When a Picture Paints a Thousand Words

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By: JLL Staff Writer

Construction barricades are a safety necessity for building owners when renovating their lobbies, but they are usually not very attractive.  In fact, most are downright boring.  What’s more, passers-by — as well as building owners and tenants — are forced to look at the bland, whitewashed barriers for months on end.

Building owner Vanbarton Group and JLL solved that problem when they devised a plan for 301 Howard Street,… Read More

Tech Growth Drives Bay Area Office Construction and Tenant Improvement Costs Higher

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By: JLL Staff Writer

Overall construction costs for commercial office buildings and tenant improvement projects will continue to rise in the San Francisco Bay Area through 2016 and perhaps as far out as 2020, according to research analyzed by project management experts at JLL.

JLL’s analysis of national and regional labor and materials data suggests that while the price of construction materials is likely to trend downward in 2016 – the result of… Read More

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. … 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… Read More

“In Line” Shopping Still Beats Online, Despite Cyber Monday Hype 

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December 14, 2015

By: Amber Schiada, VP & Director of Research, JLL

’Tis the season for media reports predicting the end of brick and mortar retail stores.

Some reports regarding recent Black Friday sales estimates have attempted to explain a drop in estimated total bricks-and-mortar sales as evidence of a wholesale move of shoppers from physical to online stores. Such conclusions are hasty and erroneous. The truth is much more nuanced, and represents a… Read More