Tag Archives: Bay Area Economy

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

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
  • 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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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

Urban in-migration and inner-ring suburban overspill in Sacramento

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By: John Sheaffer, Senior Analyst

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Not unlike many other US markets, midtown and downtown Sacramento have benefited from recent population growth, primarily fueled by millennials and baby boomers increasingly eschewing the suburbs for a more urban lifestyle. Regional employers have begun to… 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

Why Tech, and Why San Francisco?

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By: Jack Nelson, Research Analyst – San Francisco

San Francisco remains the most attractive market in the United States for tech companies, and this has driven rent growth to double in the last five years to $66.80 per square foot, and vacancy to fall to just 8.4%.  The climate of this market is detailed in JLL’s Technology Office Outlook which seeks to illustrate the growing and existing influence of Tech companies throughout the US.

An… Read More

San Francisco’s Emerging Market: The Central SOMA Plan [VIDEO]

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October 23, 2016

By: Ruby Bolaria and Amber Schiada, JLL Research – Northern California & Rocky Mountain Region

SOMA Development map

Central SOMA plan overview
In 2011, the San Francisco Planning Department began the process to develop an integrated community in the southern portion of the Central Subway rail corridor, surrounding 4th Street between Townsend and Market Street. The Central SOMA Plan proposes a comprehensive strategy… Read More

Oakland’s cool factor is rising!

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By: Amber Schiada and Katherine Billingsley | JLL

There’s definitely a lot of excitement surrounding Oakland these days, and it seems like that’s only going to increase since Uber announced their purchase of Uptown Station from Lane Partners last month.

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Pictured above: Uptown Station | Oakland, CA

So, why is Oakland gaining favor these days?

The easy answer:… Read More

Destination: East Bay

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By: Katherine BillingsleyResearch Analyst | Oakland-East Bay

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As rental rates soar in San Francisco and Silicon Valley, tenants are increasingly exploring options in the East Bay. Current economic conditions in the two-county market provide a promising outlook for both investors and tenants alike. The unemployment rate in the East Bay is below California’s at 5.1 percent (California at 6.5… Read More