Possible Sale of Safeway Stores….

5th March, 2014 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments

The recent rumors of a possible sale of Safeway Stores have severe negative implications for the Pleasanton CA office market. In addition to the hundreds of thousands of square feet of office space Safeway headquarters either owns or leases, there are also a multitude of food supplier and vendor office in Pleasanton whose sole reason […] Read More

Going BIG with Office Space…

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

Big blocks of Office Space available in the San Francisco East Bay…. Concord has several 200,000 square feet office availabilities, and if you want one million square feet all at the same office campus both San Ramon and Pleasanton can accommodate. Tweet This Post Read More

You love to bike, wish you could get more exercise but working too many hours?

18th July, 2012 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments

This guy in Pleasanton just invented a “bike desk”  which is a desk modified recumbent bike where you can pedal away burning up calories while you do your reports and business calls … called the ActivOffice Exercise Desk, no danger of texting while riding and getting whacked by cars … Tweet This Post Read More

With East Bay office rents at an incredible comparative bargain,

27th April, 2012 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments

i.e. Pleasanton and Concord Class A fully-serviced rents at $21.00 to $22.00/rsf per year, and average asking rates on the Peninsula in the $40.00 to $45.00/rsf range folks have asked me why more tech companies aren’t relocating to take advantage of these much-lower occupancy costs … and the answer is in one word … hiring […] 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

Recently ran an office availability survey for San Ramon/Pleasanton, California, office space in the 4,000-8,000 square foot range …

10th November, 2011 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments

and there are currently 95 office spaces available with fully-serviced rental rates in the $1.65-2.00/rsf range per month … makes it tough for a prospective tenant out in the market to see even 20% of what is available, and even tougher on the agents touring (over and over and over) … not sure if this […] Read More

Positive spin on record-low office building sale prices …

6th July, 2011 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments

in Pleasanton the 96,000 square foot Birch Lakes just sold for around $98/square foot, down from the $200 – $230/square foot it would have gone for back in 2006 … the local brokers being the optimistic type of folks we are, call this a positive deal for the market, with hopes for corporate transplants coming […] Read More

I have been asked many times during recent months why if Silicon Valley, the Peninsula and San Francisco office markets are on fire,

10th June, 2011 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments

with companies taking gobs of office space, rental rates shooting upwards, and buildings selling at frenzied prices … why hasn’t this spilled over to Pleasanton, San Ramon, Walnut Creek and Concord?   Remember, back in the early 1990’s our office boom was fueled by residential development, with millions of square feet of office space taken down  […] Read More

As we are at the bottom of the office market in a number of subregions around the country,

4th April, 2011 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments

what usually happens at least based up my personally having gone through this a number of times over the past 35 years I have specialized in the sales and leasing of commercial property is … there will be some companies finally expanding, others will be downsizing but less of a market influence than has been […] Read More

The San Francisco Bay Area has a number of office submarkets that are night and day in what they are going through …

10th March, 2011 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments

the East Bay region of the I-680 Corridor (Concord, Walnut Creek, San Ramon) and the Tri-Valley region (Pleasanton, Livermore and Dublin) has been limping along with little new leasing or job growth.  There have been lateral moves such as the 250,000 sf Bank of the West vacating Walnut Creek and Concord to relocate to San […] Read More

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