Category Archives: Silicon Valley Commercial Real Estate

Real estate gold rush: it isn’t always the miner who gets the gold

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October 4, 2017

By: Andy Poppink, Managing Director, JLL

This writing is based on a keynote presentation I delivered at the DisruptCRE / JLL Live event held in San Francisco on September 14th.

  “If I had asked people what they wanted, they would have said faster horses.”  — Henry Ford

That’s the point of innovation, isn’t it? We often really don’t know what we want or need until someone like a Ford or a Gates… 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.

 

JLL Data CenterRead More

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.

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

Law Office Space: The Legal Squeeze Continues

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October 19, 2016

By Julia Wilhelm, Executive Vice President, JLL

The legal services industry is fighting rising office costs during this economic cycle by aggressively pursuing efficiency in space utilization, via “rightsizing” the law office. 

The typical U.S. law firm has cut its physical footprint by more than 22 percent in recent years and this trend continues.  According to the just released JLL 2016 U.S. Law Firm Perspective, law firms are looking to reduce… 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… Read More

5 Good Reasons Why Silicon Valley Power Is Consistently Ahead of the Game

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September 26, 2016

By: Raul Saavedra, Executive Vice President, JLL

Silicon Valley Power (SVP) may not the best known utility in California but if you operate heavy power load facilities such as data centers, it’s one you probably should get to know…and fast. From my industry vantage point, data center operators throughout the Bay Area are scrambling to work with the nonprofit. There is currently single digit vacancy in the data center space… Read More

Apartment for Rent

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August 3, 2016

By: Brittany Martinez, Marketing Coordinator, JLL

The Bay Area’s rental apartment market is booming.  Vacancies throughout the greater Bay Area are highest in San Jose, at 3.7 percent.  That’s almost a full percentage point lower than the national average.  The availability of units in the East and North Bay markets is even lower, at 2.3 percent.

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Silicon Valley View Part 2

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July 25, 2016

By: Christian Basconcillo, Research Manager, JLL

Institutional capital’s pursuit of Class A assets in Silicon Valley continues unabated, but with rent growth likely to moderate in many markets over the next year, discussed in a recent Q2 report. Investors are becoming more sensitive to asset pricing for core product in prime submarkets.  Given recent high watermark deals for prime Class A assets in Palo Alto ($2,400/SF) and Mountain View ($1,400/SF)… Read More

Silicon Valley View Part 1

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July 20, 2016

By: Christan Basconcillo, Research Manager, JLL

Despite a new report card on the region’s economic health calling out traffic congestion and housing affordability as two of the biggest problems facing Silicon Valley’s growth track, its reputation as the premier innovation hub in the world seems secure, at least for the foreseeable future.

Screen Shot 2016-07-13 at 4.09.27 PMRead 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… Read More