Good news for the San Francisco Bay Area office market …

17th January, 2012 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments

and also cautionary news … in San Francisco the big deal announcement last week was Salesforce.com signing an 18 year 400,000 square foot office lease, and in the East Bay Ross Stores just purchased a 420,000 square foot three building office complex in Dublin for their new headquarters … in San Ramon Black & Veatch » Read More

With national office vacancies still above 17 percent (and yes, they reportedly fell all the way from 17.6 percent to 17.3 percent …

12th January, 2012 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments

so landlord brokers can claim the market is tightening and tenant rep brokers can say, wow, there sure is still plenty of office vacancy to still call this a tenants market … )  … meanwhile, San Francisco South of Market is the envy of most regions in the U.S. as they have almost run out » Read More

Are single-tenant retail triple-net leased investments and Class A major office buildings in major markets at the …

11th January, 2012 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments

“frothy” too-high prices we will be looking back on in a few years, shaking our heads, or is there still upward room for sale prices to head?  In Realtormag.org (Nov/Dec. 2011) here are a few random quotes …  “Rising interest rates will also start moving cap rates in the wrong direction, and push prices lower » Read More

“Move while you work” culture improves employees health, lowers medical costs …

10th January, 2012 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments

One company in Minneapolis, Salo, a financial staffing firm, has treadmill desks set up in a conference room facing each other so employees can walk, talk and take care of business at the same time. In a separate room they have six treadmill desks set up, complete with computers, and employees can use them for » Read More

In a recent article in TodaysFacilityManager …

9th January, 2012 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments

(November 2011), new physical measuring tools such as http://www.trimble.com/ TIMMS can help facility managers accurately measure office and industrial space, and this can be highly valuable.  “Frequently, fms (facility managers) find spaces differ from the owner’s information anywhere from 5 percent to 7 percent.  In a large building, this extra space can be worth millions.” » Read More

I have been commenting for many years that one of the obstacles to reducing government expenses is their lack of flexibility versus …

6th January, 2012 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments

the private sector.  One case in point is the millions and millions of jobs that corporate America has shipped to India, Philippines and elsewhere at a fraction of the cost if they had to keep these functions here.  I don’t know how many government components can be sent overseas with all the regulations, union restrictions, and » Read More

The Cubicle is on its way out …

5th January, 2012 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments

cubicles have come a long way from the first “personalized space” with movable walls surrounding a desk to the sleek models we see today with everything wired to the hilt, lots of overhead bins and movable drawers, flexible “stuff”, and even private offices made out of cubicles  (without a ceiling) … but now with iPads, » Read More

My associate Coy Davidson who does office leasing out of our Houston Colliers office has a great web site and blogs …

4th January, 2012 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments

and in a recent posting reported on the Teknion  “Workplace of the Future”  which surveyed 30 large U.S. employers and design firms and concluded:   By 2015, workplace utilization is expected to increase from levels currently 35 to 50 percent to 85 percent as the desk-to-employee ratio continues to change …  77 percent more open, collaborative » Read More

Want to own your own commercial building, be in charge of what rent to charge tenants, able to add more floors to your commercial tower …

3rd January, 2012 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments

and do it with no money of your own?  Tiny Tower is available through the Apple App store for iPhone and iPad, and it is currently one of the hottest “games” in town …  it is free  (at least initially)  but you can spend real money adding stuff to your tower… and over 1 million » Read More

On January 21, 2011 at a speech I gave to the Contra Costa County Bar Association I stuck my neck out and predicted …

22nd December, 2011 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments

that the East Bay office market would officially recover on February 22, 2012.  So far this prediction is headed for accuracy, with some of the stronger submarkets like downtown Walnut Creek and San Ramon firming their Class A office rates, beginning to reduce concessions, while other submarkets such as Pleasanton and Concord are still concession-laden » Read More

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