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

AT&T Is Downsizing And Charles Schwab Is Relocating

21st February, 2014 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments

AT&T will be downsizing 900,000 square feet at their San Ramon facility, which using a 200 sf per employee model, represents 4,500 jobs moving to Texas. Charles Schwab just announced it will be moving 1,000 jobs from San Francisco to Texas. I guess that is better than sending all those jobs to India or the […] Read More

7th Reason You Should Use Tenant Represenation

19th February, 2014 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments

#7 (out of 143) reason to use an Exclusive Tenant Representation on your office lease renewal or relocation – at different points in time, and with each landlord having different ‘hot buttons’ and lease concessions, the astute tenant rep broker, having spent his or her career knowing the differences between landlords, what deals were just […] Read More

Primo Orpilla Discusses Current Office Trends

18th February, 2014 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments

In an interview published in the San Francisco Business Times 1/11/14, Primo Orpilla of Studio Q & A discussed current office layout trends. “Offices have evolved into more democratic spaces, with a much less hierarchical structure and executives and management blended with staff. Gone are the cube farms, replaced by relaxed yet functional work environments. […] Read More

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

Trends in Open Office Design

27th December, 2013 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments

Office collaboration through open design- the Big Ass Fan Company (BAFC) designed its new 80,000 square foot headquarters with an almost total open plan. Only one executive office, fabric cubicle walls, a cantina, clinic, and meeting rooms, an acoustical deck that absorbs and dissipates sound.  Six conference rooms and fifteen breakout rooms allow for a […] 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

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