A number of the major commercial brokerage companies reported a spike in the cost of office tenant improvements. In some regions the tenant improvement costs are rising much faster than the rental rates. Increases from 10 to 21% are hammering office landlords. “Key factors affecting the sudden rise in TI allowances include: 1) a significant…Read More→

At the recent Commercial Real Estate Allen Matkin’s / UCLA’s forecast, for California and overall, office space has reached the peak for this cycle with office rates as high as they will be for the foreseeable future. Warehouses are hot and for the East Bay, San Joaquin and Sacramento counties will remain sizzling for the…Read More→

“Of the Bay Area residents who are still here, nearly half of those surveyed recently said they plan to move out of the region in the next few years, according to a poll released in June by the Bay Area Council.” (Bay Area News Group, July 15, 2018) Folks are leaving in droves, selling their…Read More→

Not sure if this is a signal of a change in office market conditions or just a coincidence, but recently out here in the burbs of Contra Costa we have had a flurry of office building open houses and promotions. Breakfast open houses, luncheons, and we’ll see how long this trend continues. However, if prospects…Read More→

I-680 Commercial Real Estate:  Where Are We Now and Where Are We Headed? Marketing Reports: N I-680 | Office Q1 2018 N I-680 | Industrial Q1 2018 Oakland | Office Q1 2018 Oakland | Industrial Q1 2018 Tri-Valley | Office Q1 2018 Tri-Valley | Industrial Q1 2018

For the past few years the Federal Accounting Standards Board (FASB) has been working on developing accounting rules for lease transactions and equipment leases. These rules have still to be set, could occur later this year or in 2016, and may be retroactive. This will create a huge need for accounting and lease administration. All…Read More→

Ray Evans and Jeff Weil, July 29, 2015 When we first began research for this topic, the thought was how we can determine by priority the most economically viable levels of commercial property retrofit towards zero-energy efficiency. What work has the biggest payback and what tax deductions or tax credits are available to facilitate economic justification…Read More→

Big Picture Overview of California Subregion Review of Industrial, Office, Retail, Apartments, Housing, and Investments • Central Los Angeles Office Market Report Q2-15 • Central Los Angeles Industrial Market Report Q2-15 • Greater Los Angeles Basin Retail Market Report Q2-15 • San Diego County Office Market Report Q1-15 • San Diego County Research and Forecast Industrial Market Report Q2-15 • Fresno…Read More→

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→

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→

Office tenant improvement contractors are experiencing significantly longer lead times for materials such as doors, glass and other building components that need to be manufactured. For example, instead of a five-day lead time, two weeks might be necessary. Along with this delay factor many cities are utilizing outside plan checkers that may make more comments…Read More→

According to recent news reports, California currently has an estimated 2 million housing unit shortfall, which at the industry ratio of 2.6 persons per unit represents 5,200,000 more people, but with all the focus on job / housing imbalances, what about the freeway / public transit imbalance that will dramatically worsen if we add this…Read More→