Like many of you, I do not know a single person looking for a job. My friends, who get downsized or merged out of positions, seem to bounce right back into another great employment opportunity. Here in the Bay Area,… Continue Reading
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… Continue Reading
According to CBRE, there are 75 large blocks of contiguous office space in San Francisco over 30,000 square feet, totaling 6-8 million square feet. Rental rates range from $60/rsf per annum in older buildings all the way to $100/rsf or… Continue Reading
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… Continue Reading
On average, during a five-year lease term, a 10,000 square foot office user would pay $3,600,000 for rent in San Francisco ($72/rsf), $2,400,000 in Downtown Walnut Creek ($48/rsf), and only $1,200,000 in Walnut Creek Shadelands.