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.
By: Ben Lazzareschi, Executive Vice President, JLL Retail
They say love is all around. Well, if you are in a shopping mall, so is technology. Geotracking – the ability to follow shoppers using signals in the their mobile phones – may sound a bit sinister but it is actually helping mall landlords and retailers be more efficient in marketing to their customers.
JLL is using a new tool – appropriately called… Read More
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
For a region much better known for its concentration of technology companies, there sure is a lot of manufacturing going on in the Bay Area. That’s one of the key findings of new report co-produced by JLL and the Bay Area Urban Manufacturing (BAUM) Initiative, a project of SFMade.
Fully ten percent of the region’s workforce is employed in the manufacturing sector and more than… Read More
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