Jeffrey Weil, CCIM, MCR.h, SIOR
Executive Vice President
San Francisco East Bay
1850 Mt. Diablo Blvd., Suite 200
Walnut Creek, CA 94596
Phone: +1 (925) 279 5590
License #: CA-00786195
Email: jeff.weil@colliers.com
Is your lease going to expire in the next 24 months? Or is your company looking to lease office space in the near future?
Much of the United States office markets are still experiencing vacancy rates in around 20%, and in the San Francisco Bay Area even higher, with Oakland at 29% and San Francisco at 35%. I have mentioned previously that the Amazon announcement mandating five-day a week return to office may have a positive impact on…Read More→
This was the 9/24/24 headline in Bisnow, based on a survey of 1,300 global CFO’s conducted by KPRG….83% said they expect their companies will shift back to requiring five days of office attendance sometime in the next three years. “Older CEOs are much more likely to predict a return to pre-pandemic work models, with…Read More→
According to a recent report by JLL, nationwide lab space availability is now 30% and this is expected to rise further. “The report predicts rents will continue dropping and that it could take years before the local markets work through their supply backlogs.” This is sobering as this segment of the industry was previously a…Read More→
In San Francisco KPMG just announced it was downsizing from 143,000 sf of office space into 96,000 sf. This is a common trend amount financial services firms. “About 1,000 employees will be based out of the office, the same number based out of 555 Second. Chris Cimino, who leads KPMG’s San Francisco office, said the…Read More→
Bisnow National 9/13/24 had a number of article headlines, including “Business Leaders Look to Increase Real Esate Investments”, Brookfield Predicts Robust Office Recover Market Rebound”, Major Investors Return to the Market”, Commercial Real Estate Investors Ready to Get Back in the Market”…not bad for just one day’s headlines!!!
Bisnow August 29, 2024, reported that 1 in 6 .S. office buildings are strong residential conversion candidates. On the one hand, it could be viewed as only 1 in 6, while a more optimistic slant would be 17% of U.S. office buildings may be residential conversion candidates.” Manhattan led U.S. markets with more than 53%…Read More→
Jeffrey Weil, CCIM, MCR.h, SIOR
Executive Vice President
San Francisco East Bay
1850 Mt. Diablo Blvd., Suite 200
Walnut Creek, CA 94596
Phone: +1 (925) 279 5590
License #: CA-00786195
Email: jeff.weil@colliers.com
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