By: Susan Persin, Northern California Research Director
The Northern California megaregion isn’t the most populous in the country but it is one of the most productive. In 2014, the 21 counties making up our megaregion – from Yuba in the north to Monterey in the south – had a combined gross regional product of $875 billion, the highest of any region in the country.
This strong economy is evident in everyday… Read More
Look at any list of the most expensive places to live or work today and chances are San Francisco will appear on that list. The city’s rise as a tech and financial hub as well as a headquarters location is well documented and has driven it to a high level of global prominence. Earlier this year, we even listed San Francisco among our… Read More
Adaptive re-use has become a key component of the commercial real estate world, especially in development-constrained cities like San Francisco where raw land is hard to find, and often prohibitively expensive. But, it takes a certain vision to see beyond the current state or role of a building to what it might become.
1986. The American president was an actor/tv star-turned-politician and the U.S. media was busy chasing a story that would embroil the White House in congressional hearings and scandal (Iran-Contra). Meanwhile, in San Francisco, voters were adopting Proposition M, the first legislation anywhere in the country to limit high-rise office development on an annual basis.
2017. The American president is a reality TV star/businessman-turned-politician… Read More
“The brain is a wonderful organ; it starts working the moment you get up in the morning and does not stop until you get into the office.” – Robert Frost
Poet Robert Frost might have changed his opinion of the office if he had been writing those words today in Silicon Valley, San Francisco or Seattle. Tech-dominated markets in the Pacific Northwest have some of… Read More
Telecommuting, a.k.a. work from home or WFH, is catching on – in a big way. According to the Society of Human Resource Management’s 2016 benefits survey, 60 percent of companies offer telecommuting. In the 1990s, only 20 percent offered work from home options. In 1995, Gallup found that nine percent of workers worked from home. By 2015, work from home numbers reached 37 percent.
The Lorax would be happy in San Francisco. Amid the concrete canyons and the bustle of downtown and the homes and shops of the city’s neighborhoods, there are more than 220 public parks and open spaces. Curbed has mapped 46 of the best.
Perhaps soon to be added to that list, San Francisco’s latest park is taking shape seventy feet above Folsom Street… Read More
A clear trend is developing in the market for office space in the Bay Area: landlords are asking more tenants for higher deposits. Deposits are highest for younger, venture-backed companies without much operating history or clear path to profitability.
Photo credit: Mike Cohen, mjcohen photography,… Read More
The Raiders are leaving Oakland…again. This time they are headed to Las Vegas, where, we’re told, a $1.9 billion domed stadium will be built in the desert, or not far from it.
One of the reasons the Raiders wanted to leave the Oakland-Alameda County Coliseum, we’re also told, is because their rent “at the office” skyrocketed last year from $925,000 to $3.5 million. To be… Read More