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Posts Tagged ‘downsizing’

CORPORATE OFFICE PERSPECTIVES | FEBRUARY 1, 2017

A few weeks ago, I gave a Forecast 2017 presentation at Scott’s Walnut Creek restaurant. Bottom line is we are in a great shape for the most part, with the San Francisco office market still robust. Annual full-service rents range is from $75 to $110/square foot, and tech sublease space gets snatched up by other…

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CORPORATE OFFICE PERSPECTIVES | DECEMBER 1, 2016

The Millennials are coming on strong, and they want flexibility, freedom and fun; mobile devices rule, texting may be preferred to a phone call, collaboration, work hard, play hard, and who cares about having a workstation let alone a private office. Yet, office space is here to stay, in one form or another, as the…

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CORPORATE OFFICE PERSPECTIVES | AUGUST 1, 2016

Same old, same old, the San Francisco office market is still on fire, but maybe slightly diminished in intensity, subleases are up, unicorns far and few between, huge takedowns of space are not as common an occurrence, but still leasing velocity to sustain annual rents is in the $70 to 90 per square foot range.…

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East Bay corporate downsizing continues

East Bay corporate downsizing continues. We are still awaiting the fallout from Safeway Stores. HQ is downsizing in Pleasanton and Wells Fargo has been rumored to be shedding 250,000 square feet of Walnut Creek/Concord office space. Now Chevron has officially announced that they will be shutting down their 576,000 square foot Concord facility on Diamond…

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law firms across the country continue to downsize

Law360 – law firms across the country continue to downsize, reduce costs by moving parts of administrative costs to less-costly regions, slowly trend towards one-size offices, interior offices vs. window offices, shrinking file rooms, using office hoteling to assign offices on an as-needed basis, and still be able to competitively recruit and retain talent. (Law360…

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