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Two Major Northern California Lab and Office Campuses Show Long-Term Strength

Oct 13, 2020 | Posted by Jeff Weil | Bay Area Housing, California Economics, Commercial Real Estate, Commercial Tenant Improvement Contractor, Employment, Newsletter, Office Furniture, Office Furniture Vendors, Office Space, Pandemic, Real Estate Landlords, Residential Real Estate Agents, Retail Leasing, Technology, Tenant Improvements, Tips for Tenants, Trends, U.S. Economics, Workspace, World Economy |

The downtown San Jose Google 79-acre development currently in planning stages will have 5,900 residential ‘dwelling units’, 500,000 square feet of retail stores, restaurants and cultural buildings, and 7.3 million square feet of office space. In the old days this might translate to 35-45,000 employees, and after Covid is gone may again be at this level. Up the Peninsula in South San Francisco Genentech is moving forward on a 9 million square foot laboratory complex. Sure, we might lose a handful of companies to Boise or Nashville but these two projects cement  a multi-billion dollar long term investment in Northern California employees and our way of life. Expensive to live here, sure, but to many of us, worth every cent!

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Jeffrey Weil, CCIM, MCR.h, SIOR

Executive Vice President
San Francisco Bay Area
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Walnut Creek, Ca 94507
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Phone: +1 925 279 5590
License #: CA-00786195
Email: jeff.weil@colliers.com

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Contact Information

  • Jeffrey Weil
  • Colliers International
  • 1850 Mount Diablo Blvd., suite 200
  • CA Lic. 00786195
  • +1 (925) 279 5590
  • jeff.weil@colliers.com
  • www.officetimes.com

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