1Jul 22, 2019
Again and again, companies that can choose to locate to regions where there is plenty of low-cost office and research space, and where the cost of a new house is ridiculously cheap (i.e. under $250,000 for a decent home in a decent neighborhood) companies still choose to locate in the Bay. Autonomous vehicle firm Aurora…Read More→
2Jul 22, 2019
Using sensors and the new software analytics are helping companies to cut their office space by 30% or more. Microsoft used this and “this has meant significant financial savings and it could mean Microsoft can make further consolidations that save it tens of millions of dollars.” Bisnow.com July 2019
3Jul 15, 2019
According to a new 2019 National Office Absorption report just out by CoStar, net absorption is down 26% Midwest, 18% South, 9% in the West, but up 2% in the Northeast. No reasons for this given perhaps continued increases in productivity, corporate downsizing and offshoring/outsourcing? Here in the Bay Area, especially San Francisco, companies are…Read More→
4Jul 9, 2019
San Francisco may finally begin to run out of office space as there are more than 8.1 million square feet of office space being proposed, but with the office cap on new construction of 2.1 million square feet, there finally may be an exodus to the East Bay! Along the I-680 and Tri-Valley we have…Read More→
5Jul 8, 2019
Yes, the Bay Area has a severe housing shortage. Here is an example of why: “Almost 400 projects in the city (San Francisco) comprising 36,909 units have been approved for over two years but haven’t started construction, according to the planning department. Of those, 6,095 are affordable. Developers point fingers directly at local impact fees…Read More→
6Jul 5, 2019
Governor Gavin Newsom “recently criticized Tennessee, which is an increasingly popular destination for Bay Area businesses and residents. “I see that we’re CEO magazines ‘worst place in America to do business’ and yet our GDP growth outperforms every one of those other states they highlight,” Newsome said, citing California’s strong economic growth averaging 3.8% in…Read More→
7Jul 3, 2019
Commercial building rooftops – Meet The Jetsons! Most of you may be too young to remember the cartoon show back in 1962/1963 where everyone was getting to places in their personal flying cars. Now Uber Elevate is planning a flying car business to use rooftop skyports to pick up and drop off passengers. With a…Read More→