Tag Archives: JLL

What’s in a Name? 

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October 25, 2016

By: Amber Schiada, Vice President & Director of Research, JLL

The retail sector in San Francisco seems headed to yet another level.  The availability of retail space in Union Square – San Francisco’s premier shopping district – is at an all time low and rents have been headed northward at a rapid rate over the last three years.  Last week, one of the Square’s longest-running retail tenants announced it would be… 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

NorCal ranks among top 18 distribution markets in the U.S.

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August 30, 2016

By: Jason Ovadia, Managing Director, Industrial and Logistics

Logistics and the supply chain are critical to the success of companies that produce or distribute goods.  In Northern California, technology and the growth of advanced manufacturing have boosted the region’s position as a top distribution market and greater scrutiny is being focused on the region’s port, rail and road infrastructure as well as the availability of modern warehouse distribution and industrial… Read More

Cloudy Outlook OK for Bay Area Data Centers

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August 22, 2016

By: Ryan Mathews, Marketing Manager, JLL

Tech and communication firms with major cloud storage presence and requirements are driving heavy demand for ‘wholesale’ – or single-user, self contained — data facilities in the Bay Area.  With the total size of the global cloud-managed service market expected to double by 2021 the outlook is generally positive for single user facilities. Data Center

In fact, the… Read More

Project Pipeline Points to the Rise of California’s Capital City

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August 17, 2016

By: Leo Canale, Senior Marketing Associate, JLL

Sacramento may be a little over 1.5 hours drive (without traffic!) from downtown San Francisco, but Millennials know it isn’t that far away from the Bay Area’s buoyant tech-driven economy.Above SacramentoSacramento’s appeal among Millennials has been well documented and that attraction for a Millennials powerful segment of… Read More

East Bay Migration Outlook

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August 1, 2016

By: Katherine Billingsley, Research Analyst, JLL

The East Bay is emerging into the Bay Area spotlight, proving to be a viable contender to neighboring markets.

San Francisco’s high prices are prompting migrations, expansions, or partial moves into the East Bay. East Bay’s total average asking rents are nearly 50% less than San Francisco’s.

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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.

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