91Jul 12, 2018
Past SIOR President Geoffrey Kasselman predicts that office space may one day be occupied 24/7, and there are major users “that may rhyme with Zamazon and Zoogle that are trying to negotiate with large-portfolio commercial landlords now — they want a landing pad on the top of their buildings so they can recharge the drone…Read More→
92Jul 12, 2018
An excellent article by John Cumbelich, a retail-leasing specialist, who shares the sad news of regional malls and power centers. “… the regional mall, some 400 of which will fail in upcoming years. Another 400 will struggle, leaving only about 250 “fortress” malls that are expected to thrive. On the other hand, he cites Oakland,…Read More→
93Jul 12, 2018
Canopy is opening a new shared workspace on Jackson Square, San Francisco. The 11,000 square-foot facility will be a “serene, distraction-free environment for up to 250 members to concentrate, connect and do their best work.” That ratio works out to 44 square feet per employee. If we imagine that everyone were to show up one…Read More→
94Jul 12, 2018
The future of the office – it might be all in your head, with the increasing viability of virtual reality hardware and software. Put your smart glasses on, and your virtual office opens up, photos of your kids are on your virtual desk, your files are ready to be opened, you can pull up your…Read More→
95Jul 12, 2018
Just as employees value their work experience when making the decision to stay with the same firm or move on to “a better work experience”, with some similarities, but obviously with vast differences, companies may determine whether to remain in the same office space based in part on their “experience”. Part of this office facility…Read More→
96Jul 12, 2018
“Connected tenants want to be able to use their phone to discover and claim amenities exclusive to their building or their neighborhood. Connected tenants want to be able to use their phone to find, RSVP, and partake in office experiences, such as yoga classes, happy hours, or free coffee in the lobby. Connected tenants want…Read More→
97Jul 12, 2018
Office, industrial and retail building owners report increasing issues with homeless folks hanging out during working hours as well as after hours in dimly lit parking areas and nocks sheltered from the elements. Here are a few solution ideas: Contact your local homeless services organizations to see if they can stop by and meet with…Read More→
98Jul 12, 2018
Recently Facebook signed a lease in San Francisco for 750,000 square feet. This week it was reported that Facebook also signed a lease in Sunnyvale at Moffett Towers II for one million square feet! Industry experts are concerned that we might run out of office space. However, out here in the Eastbay the I-680 Corridor…Read More→
99Jul 12, 2018
I’ve been giving speeches at various organizations, forecasting the market, where we are headed, if we are in a bubble (or two), and in my presentation I mention Facebook’s lease last month of the last available office building in San Francisco, taking all 750,000 sf, then, a few weeks later, leasing one million square feet…Read More→
100Jul 12, 2018
A very interesting article by John McNellis, Principal at McNellis Partners, and a sometimes astute contrarian, on WeWork. The shared office company leases 14 million square feet of office space, is reportedly valued at $20 billion, has 220,000 “subtenants”, and needs a 60% occupancy to break even. They lost $934 million last year, and just…Read More→
101Jul 12, 2018
A recent quote by Fiona Grandi, National leader of strategic investments with the big CPA firm KPMG caused me to think, how will this impact our future office space demand? “Five years ago the big push was to go paperless. Today the push is to be automated.” When we went paperless we needed a lot…Read More→
102Jul 12, 2018
Office furniture types and materials are changing as worker flexibility and allowing different employees to work anywhere increases. In the “old” days of private offices and dedicated workstations it was one employee sitting for years in the same chair at the same desk surface. Now workers want (or need) height adjustability, changing stations, laptop docks,…Read More→