Tag Archives: Commercial Real Estate News

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

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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Downtown Sacramento Pushes Commercial Real Estate Boundaries

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CRE boundariesBy: JLL Staff Writer

As a city, Sacramento is in the middle of a transitional period, evolving from a Monday-to-Friday government town to an 18-hour city with a “live-work-play” vibe. This evolution will only gain pace in the next few years thanks to the response of developers and community initiatives. 

Mayor Kevin Johnson’s “Think Downtown” campaign echoes the call made in the late… 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

Brokerage says Sacramento office-space absorption nearly tripled in 2015

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By: Ben van der Meer, Sacramento Business Journal

After a strong end to 2015 office leasing, a broker with JLL Sacramento said there’s optimism coming into the new year.

During the fourth quarter, according to JLL, the market absorbed more than 416,000 square feet of vacant office space. Managing director Greg Levi put the year’s total for the region at 985,947 square feet, far beyond the 360,000 reported for 2014.

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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

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

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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

#SacOnTheMap – Check Out Downtown Sacramento’s Transformation

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By: Leo Canale, Marketing – Sacramento

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Urban core projects continue down the pipeline

Downtown Sacramento is currently undergoing a renaissance, with a level of investment activity not seen since the 1920s. An improved local economy and new entertainment and sports complex have jump-started this momentum. In alignment with Mayor Kevin Johnson’s ambitious plan of building 10,000 new units, multi-family developers are capitalizing on the renewed interest in… Read More