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?
Google just renewed its lease at 215 Fremont Street in downtown San Franciso, downsizing from 140,000 sf to 64,000 sf. It could have been worse, they could have vacated entirely! In the same Bisnow release, The Royal Bank of Canada appears to be taking back 82 San Francisco apartment buildings owned by Goldman Sachs and…Read More→
A recent article in Bisnow July 8, 2024 cited San Francisco Class-A office vacancy increasing for the 10th consecutive quarter, “as more than a third of the city’s office buildings remain empty. The vacancies, brought on by layoffs and hybrid work, are expected to remain elevated through the end of the year. Placer.ai’s monthly data…Read More→
A perfect storm of plunging property values for aging buildings, weak tenant demand coming out of the pandemic and high interest rates for new loans and refinancing has left the $2.4 trillion office building sector wobbling. In New York 1740 Broadway which Blackstone had paid $600 million for ten years earlier just sold for…Read More→
Christopher Thornberg, founding partner and economist wit Beacon Economics, said at a recent presentation fo San Jose State ““How do you make housing more affordable? You build more housing… “You need to start taking down these office buildings and putting up apartments, However, Thornberg said he prefers “adaptive reuse” of existing office buildings rather than…Read More→
There are a number of reports around the country that price discounts on office buildings are a boon to non-profits who have access to cash to acquire these office facilities for their own long-term use. Bisnow June 3, 2024 “With overall U.S. commercial real estate pricing down 21% from its March 2022 peak, according to Green Street,…Read More→
”Artificial intelligence is expected to replace 85 million jobs by 2025, according to a report from the World Economic Forum. That has implications for real estate, CBRE Investment Management Chief Investment Officer for Americas Direct Real Estate Strategies Julie Ingersoll said. “If we lose 25% of our jobs in the United States — think coding jobs, secretarial, even sales-related…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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