Companies interested in leasing, subleasing, purchasing or selling office space in the Bay Area

Posts Tagged ‘leasing’

Colliers Santa Clara 2017 commercial RE forecast

The Colliers Santa Clara 2017 commercial real estate forecast reported that office tenants filled 8 million square feet of space last year and are expected to complete 13.5 million square feet of new office leases this year. Sublease space has doubled to 2.6 million square feet. (Bay Area News Group, February 7, 2017)

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The Big Picture U.S. office market

Most metro areas showed positive absorption in 4th quarter 2016, but overall net absorption is down, and the U.S. office-using employment growth is expected to fall from 2.4% in 2016 to 1.4% in 2017. The San Francisco Bay Area remains the tightest of the top 10 markets with a 5.6% vacancy rate. (Colliers, Knowledge Leader,…

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law firms are relocating to Shadelands

There are several downtown Walnut Creek law firms now looking in the much less expensive Shadelands region. Downtown Class A office rents, including parking, on average, are $4/rsf, while Walnut Creek Shadelands Class B space can be less than a half of this amount. A 10,000-square-foot firm can save more than $1,200,000 during a 5-year…

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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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more on coworking spaces

“Businesses also have incentives to prioritize workplace flexibility through the use of coworking spaces, because it has been demonstrated to reduce real estate costs, increase productivity, reduce absenteeism and attract the best talent … Employees who never work remotely are the least likely to utilize coworking centers while the highest engagement levels are from those…

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