San Francisco East Bay Office Market Experienced a ‘Blip”

12th February, 2014 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments

The San Francisco East Bay office market is still lethargic with vacancy rates in the 10-16% range, but during the past week I experienced an upward ‘blip’ I have not seen since 2001 before the dotcom melt down –spaces toured a week prior where the listing agent honestly admitted activity was slow and there were […] Read More

A Company Called Blueseed

6th January, 2014 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments

A company called Blueseed wants to park a boat full of start-ups in international waters 12 miles off California’s Half Moon Bay. Foreign entrepreneurs who want to come to Silicon Valley would use Blueseed to make an end run around immigration laws! . A 30 minute ferry ride lands them in Silicon Valley for meetings […] Read More

What US Aging Population Means for Office Buildings

30th December, 2013 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments

How will the aging boomer population affect the design of office space as well as change the types of occupancy? “Today, 10,000 Baby Boomers reached 65. The same thing happened yesterday and the same thing will happen tomorrow. In fact every day, for the next 15 years 10,000 Baby Boomers will reach that age milestone.” […] Read More

Big Blocks of Office Space, Pay More for Less

26th December, 2013 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments

Big block office space and big rents- reports out predicting Manhattan will see 60 or more 100,000+ square foot office deals in 2013, with 46 of these over $100/sf for annual rents. Major tenants may be downsizing the square foot per employee ratio (from 250 square feet per employee down to 150-175 square feet per […] 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

Commercial Real Estate Financing Update

20th December, 2013 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments

Commercial real estate financing- the Colliers Mortgage group report lots of money for decent financing or refinancing, non-recourse, assemble and at fixed-rates running about 2% over US Treasury for 10-year term. Tweet This Post 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

Hot in the Valley, red-hot in San Francisco….

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

“Things are hot in the Valley (Silicon Valley), but red-hot in San Francisco,” according to Mike Sullivan, a partner with Pillsbury Law. Silicon Valley has been growing its tech workers at an average of 3.6% over the past three years, while San Francisco is sizzling at an average growth rate of 9.4%. San Francisco now […] Read More

Silicon Valley Companies Haven Taken Over….

14th November, 2013 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments

Silicon Valley Companies have taken over 700,000 square feet of office space in San Francisco over the past year, from tiny start-ups to big giants like Cisco and LinkedIn. The talent, which is pouring in from all over the United States to be part of this new Internet Gold Rush, is the reason for this.   […] Read More

San Francisco Hold the Highest Number of Platinum and Gold Certified Commercial Projects….

11th November, 2013 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments

According to the United States Green Building Council, San Francisco has the highest number of LEED Platinum and Gold Certified Commercial projects in the nation,  with 155 projects in comparison to second-place holder, Chicago, with 148 projects. On the other side of the report card, San Francisco earned an “F” as the least-affordable major United […] Read More

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