As of last week there were 51 tower cranes in San Francisco with …

13th May, 2013 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments

As of last week there were 51 tower cranes in San Francisco with millions of feet of new office and apartment development.  SalesForce reportedly has over 2 million square feet of office space in downtown San Francisco. Tweet This Post Read More

According to the EPA, 55.8 percent of all the office buildings in San Francisco are Energy Star certified …

10th May, 2013 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments

According to the EPA, 55.8 percent of all the office buildings in San Francisco are Energy Star certified, which makes this city #1 in the country by percentage … followed by Chicago, with 53.4 percent, Washington D.C. with 49 percent, Los Angeles with 44.4 percent, Denver at 39.6 percent, Houston at 37.1 percent and Atlanta […] Read More

Many office leases these days require the vacating tenant to …

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

Many office leases these days require the vacating tenant to remove their cabling when they vacate, which makes sense if the wiring is old, not re-utilized by the next tenant, and presents a fire or other hazard if the landlord ends up with lots of obsolete cabling in the walls and above the ceiling.  However, if the […] Read More

National office vacancy has dropped all the way down to 17 percent …

2nd April, 2013 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments

National Real Estate Investor in their March 2013 edition reports the national office vacancy has dropped all the way down to 17.1 percent … wow, in the old days even 10 percent was a high vacancy factor … how to put a positive spin on not a lot of positive news … “It is now […] Read More

Misc commercial real estate factoids …

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

Misc commercial real estate factoids … in Napa they are almost out of wine storage warehousing, as of the 9 million square feet of product there is only 50,000 square feet available. There were 45 percent more apartment house transactions in the East Bay in 2012 versus 2011. Per door prices went from $100,000 a […] Read More

The demand for office space will come from growth in employment …

22nd January, 2013 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments

A quote from the SIOR 4th Quarter Professional “The demand for office space will come from growth in employment. The net payroll job addition is now very close to 5 million from the low point a few years ago. Still, we need to be mindful that 8 million jobs had been slashed during the Great […] Read More

Downtown Walnut Creek retail properties continue their hot streak …

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

A recent small commercial building just went on the market for $2.2 million, with 3,675 sf and $600 per building square foot and with its 6,500 sf lot $338 per land foot. Wonder what type of rents are needed to pencil this? 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

The new 176-acre Apple campus in Cupertino …

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

Which at 2.8 million square feet will be one of the largest buildings in the world (according to the San Francisco Chronicle 11/22/2012), will accommodate 14,200 employees, with most of the 10,500 parking spaces underground and 7,000 trees above ground. For visual of this campus please click http://www.cnn.com/2012/05/22/tech/innovation/new-apple-campus/index.html Tweet This Post Read More

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