Cost Savings Are Expected To Be Short Lived

25th February, 2014 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments

Commercial building utility expenses down 10% according to recent BOMA report based on study of 2,000 private sector buildings. However, at least here in California with our drought and anticipated cost spike in hydroelectric power, cost savings are expected to be short-lived. (Buildings 1.14) Tweet This Post Read More

Tech Potential for Suburban Offices

23rd December, 2013 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments

A recent article published in the National Real Estate Investor, October 2013, predicts that tech office growth will eventually spread outside the current core areas of San Francisco, New York, Chicago and elsewhere that have lower labor costs and rents and where there are more incentives for business… whether this occurrence remains to be seen, […] Read More

Downtown Walnut Creek (California) Sizzles

18th December, 2013 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments

Downtown Walnut Creek Main Street retail space is getting expensive.  Broadway Plaza has given lease termination notices to about forty tenants in the way of the new remodel. I have heard of downtown store rates of $5/sf NNN. Ouch! Tweet This Post Read More

$2 Trillion to the Financial Statements of U.S. Companies….

15th October, 2013 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments

The FASB accounting rule changes that have been underway for the past four years, which would require corporations to capitalize their property leases on their balance sheets, is still stuck in the muck of negotiation. Congressman Brad Sherman predicts that the new rules would automatically add $2 trillion to the financial statements of U.S. Companies […] Read More

East Bay apartment houses are still in huge demand …

25th July, 2013 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments

East Bay apartment houses are still in huge demand.  There was a recent 16 unit which had 12 offers 6 of which were over the asking price and may have sold for a 4 percent cap rate. Tweet This Post Read More

Oh, how low can it go …?

14th December, 2012 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments

I just heard of a 80,000 square foot warehouse lease done out in East Contra Costa at a rental rate of $0.10/sf, including property taxes and insurance … Tweet This Post Read More

The San Francisco office market continues to be the envy of landlords …

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

From across the country, with average full-service rental rates increasing during 2012 25 percent on top of a 23 percent annual increase last year, according to the San Francisco Business Times (12/7/12), with net absorption for this year expected to reach 1.3 million square feet … and yup, mostly tech firms like Meraki, Docusign, SquareTrade, […] Read More

San Francisco office sublease factoids …

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

40 percent of the current available sublease space (580,806 square feet) has come on the market just in the past 90 days … the average time sublease space is on the market is 268 days … there are 180 different office subleases currently available in San Francisco … and the total available is now 1,437,572 […] Read More

I have been through a number of market cycles in my 37 years …

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

Specializing in office space leasing and sales, and what is always an interesting and oftentimes frustrating experience is when a submarket goes through a transitional phase from one end of the spectrum to the other. Sometimes it can take many months for a Tenant market to change into a Landlord market, with rental rate increases […] Read More

Residential land sales in a number of regions are expected to keep climbing …

31st October, 2012 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments

As “we have hit bottom and are clearly on the way back up.”  In a number of submarkets light industrial land sales are predicted to take off in 2013/2014 as existing inventory continues to shrink, forcing rents and demand up. Tweet This Post Read More

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