San Francisco Unemployment

20th February, 2014 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments

San Francisco unemployment Jan 2010: 10%, but as of Dec. 2013: 4.8%, and Marin County is: 4.2% (as of 12/13) Tweet This Post Read More

There’s definitely a trend towards a more efficient use of space among office users …

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

“There’s definitely a trend towards a more efficient use of space among office users thanks to the advancement of digital file storage, Wi-Fi, and the like.”  According to CoStar, there are a number of factors involved in this, including length of lease, corporate standards, existing furniture and budgets for smaller, more efficient work environment.  Also […] Read More

The San Francisco Bay area is currently experiencing an upsurge in robotic companies …

4th June, 2013 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments

The San Francisco Bay area is currently experiencing an upsurge in robotic companies in the United States.  According to the San Francisco Business Times at least 12 robotic companies have surfaced, with robotic applications for the home, office and factory.  Just imagine the robotic office possibilities – a beautiful or handsome robotic receptionist, filing clerk, […] Read More

Expectations of another year of lethargic economic growth …

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

“With expectations of another year of lethargic economic growth, companies are responding to the ‘new normal’ with almost constant cost-cutting. This risks a vicious circle of job cuts leading to weak consumer spending, contributing to more company cost-cutting … Wells Fargo is shedding space and moving jobs to less-expensive locales. Federal Express is parking older […] Read More

San Francisco … top investment market in the world

17th January, 2013 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments

The San Francisco office market experienced its tenth consecutive positive absorption quarter with almost three million square feet of office transactions. Total net absorption for the year was almost 1.5 million square feet…the San Francisco unemployment rate dropped from 7.4 percent to 6.7 percent, and office rental rates have gone up 70 percent over just […] Read More

First it was back-office accounting and data processing jobs being sent overseas …

9th October, 2012 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments

To India, Philippines and elsewhere, but the Los Angeles Times (7/29/12) reports that some health care companies are starting to shift clinical services and decision-making on medical care overseas. “Some of the jobs being sent abroad include so-called pre-service nursing, where nurses at insurance firms, for example, help asses patient needs and determine treatment methods […] Read More

Out in Walnut Creek Shadelands …

19th September, 2012 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments

A submarket of a suburb about 30 miles to the East of San Francisco, there are office vacancies which have been on the market for over ten years!  There is a 1,128 sf space on the market for 4,094 days, an 18,000 sf office vacancy available for 3,606 days (9.9 years) and dozens and dozens […] Read More

The tech office employee of the future …

9th April, 2012 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments

I was reading about the new eyeglasses Google is coming out with where you can view the computer screen from the glasses … Google Goggles is not the name (Project Glass is), and then I read an article about the Kinetic games where you move your hands and/or feet and the video responds … take […] Read More

Tale of Two Cities …

16th February, 2012 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments

(and not Charles version) … Apple Inc. just announced another expansion into 156,000 square feet in Cupertino, California, with occupancy expected later this year.  Meanwhile, not too many miles away in Fremont California the 234,000 square foot Legacy Bayside Business Park has remained vacant since 2009 and just sold to TMG Partners for a whopping […] Read More

I have been commenting for many years that one of the obstacles to reducing government expenses is their lack of flexibility versus …

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

the private sector.  One case in point is the millions and millions of jobs that corporate America has shipped to India, Philippines and elsewhere at a fraction of the cost if they had to keep these functions here.  I don’t know how many government components can be sent overseas with all the regulations, union restrictions, and […] Read More

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