Tag Archives: Jones Lang LaSalle

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

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.

Screen Shot 2016-07-13 at 4.09.27 PMRead More

Ability to implement office design critical – on par with price and location

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June 29, 2016

By: Ryan Mathews, Marketing Manager, JLL

Office design that appeals to an employee’s non-work self, has open and flexible workspace options, and uses natural materials is important for companies in San Francisco to consider. The ability to implement these current trends is as critical, if not equal to, price and location. The Skyline report examines local insights on office supply, demand, leverage and investment.

Office design trends… Read More One of the hot topics

The Sharing Society

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June 27, 2016

By: Julia Georgules, Director of Research, Office & Phil Ryan, Senior Research Analyst

We’re witnessing a significant shift in the way people work and where they get work done today.  The rise of entrepreneurialism and a growing contingent workforce is leading small businesses and freelancers to turn to shared workspaces as an alternative to the traditional office – and its accompanying lease.

Yes, freelancers aren’t just writers, they are business consultants, graphic designers,… Read More

We are Technology

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June 13, 2016

By: Ryan Mathews, Marketing Manager, JLL

In a recent interview, JLL Northwest market director Elizabeth Hearle pointed to the pace of technological change as one of the biggest challenges facing the commercial real estate sector. She’s clearly not alone in that view.  Even outside the world of real estate, there is much to suggest that adoption of technology is speeding up.

A businessman using a mobile phoneRead More

San Francisco Office Market Costs in Two PowerPoint Slides

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June 8, 2016

By: Todd C. Burns, President, Project and Development Services

Earlier this month, JLL released its updated report on construction costs and trends in the U.S.  Not surprisingly, costs to build office space in San Francisco are still rising and are now on a par with Boston and Chicago, though still trail New York City.

However, as the slides below show, San Francisco landlords are able to ask for rents now on a par… Read More

Trending: Apartment buildings near BART stations could soar in value

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By: Stephen Jackson, Senior Vice President, Capital Markets – Multifamily

Living close to – or within reasonable walking distance – of a BART station has become perhaps the crucial factor for Bay Area residents. More and more Bay Area companies report that employees are citing ease of commute as one of the primary factors when deciding on a job. Can they get to and from work quickly and efficiently on both… 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

Is San Francisco’s Sublease Sky Falling? We think it’s unlikely, here’s why.

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

Are we about to witness a sublease crisis in San Francisco’s office market?  We think it is unlikely in the near term.  Here’s why:

pexels-photo-29821Sublease space has increased, reaching 2.27MSF in the last week of March.  That’s up from an average of 1.5MSF throughout 2015. While any rise in sublease space is concerning and this amount of… 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