This was  the headline of a Bisnow report from a few days ago, citing 42 million square feet of new subleases hitting the market with 73 U.S. markets reporting negative absorption. Then the next day the Colliers ‘Disruption 2020: Office Sublease Continues To Rise, reporting that sublease space is 30 million higher than it…Read More→

Maya Donnon, Sven Schroeter of KSS Architects (among other co-authors) in a Corenet Global article titled ‘Why Workplace’ discuss the paradox corporate America is going through. They cite Facebook who has committed remote work as a permanent option for its employees while at the same time committing to millions of feet of new office space….Read More→

BISNOW Oct. 30, 2020 reports that real estate companies think they’ll need less office space. “More than any other industry, real estate has a vested interest in making sure office occupiers don’t cut their real estate footprint. Office is the largest of the real estate asset classes, and a reduction in demand would lead to…Read More→

  Stephen Newbold, National Director of Office Research for Colliers International reported that in Q3 of 2020 the United States experienced 33.5 million sf of negative absorption and office subleases in the US hit a record at 168.8 million sf. This is more distressing than we experienced during the Great Recession. The bad news was…Read More→

  A number of large office users have delayed the return to their offices until mid-2021, while others have told their employees they can work remotely permanently. Facebook and other major players have allowed their employees to relocate to lower-cost regions, some taking a pay cut but still saving substantially over their previous San Francisco…Read More→

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…Read More→

  Office subleases are hitting the markets bigtime, from New York to San Francisco, Boston, Houston and many other major markets. Millions of square feet of excess space, with millions more expected to follow. Companies are finding that they can not only survive with working from home, many are thriving, despite the absence of corporate…Read More→

Bloomberg News reported September 25, 2020 that Deutsche Bank AG is considering a hybrid model of allowing staff to split work between office and home, although a Morgan Chase spokesperson warned that staff productivity might slip if they work remotely too long, and a UBS Group spokesperson commented that working from home makes it harder…Read More→

According to SocketSite, which tracks the San Francisco rental market, year-over-year apartment rents were down 20S%. The Bay Area regional planning agency, The Metropolitan Transportation Commission, is considering a mandate that large Bay Area employers have 6-% of their work force permanently work from home. Reported in today’s  East Bay Times, ‘Significant increases in available…Read More→

  A report just out by the California Economic Forecast predicts more doom and gloom than I would have liked to have read. “The economy however is not back to the pre-crisis status. During most of Calendar 2020 and in much of the first half of 2021, ongoing economic restrictions will have resulted in millions…Read More→

A report just released by Colliers International on the top 25 US Metro Office Markets, show Atlanta on top with 2,055,717 sf of YTD positive net absorption, while New York (Manhattan) had a negative net absorption of 3,375248 sf and San Francisco had a negative net absorption of 3,004,410 sf. Other notables was Seattle with…Read More→

  Something for employers to caution employees who are thinking of moving to a lower-cost state but continuing to work remotely. In an article in the New York Times, there are some states that will tax your income based on where you did the work, and others based on your residence, and it is possible…Read More→

On the day Pinterest announced paying $89.5 million dollars to cancel a 490,000 square foot office lease they had previously signed for a project that was going to be built in San Francisco’s South of Market, due to a change of where employees would be located, developer Jay Paul announced it is going ahead with…Read More→

San Francisco now has an estimated 6.5 million square feet of office sublease space. Direct Class A rents are still among the highest in the country, averaging $84 an annual square foot, but Class B rates are now in the $50-60/rsf range. In the Bay Area several companies have announced they will relocate their headquarters…Read More→

In National Real Estate Investor June 2020 Elaine Misonzhnik writes on page 3, “The virus might be with us indefinitely. (The World Health Organization has predicted it might take up to five years to get it under control.) And to declare the end of cities, decide that everyone should work and learn from home permanently…Read More→

To quote Michael Tannenbaum, CFO of BREX, “Think of the office as a perk what you offer…when you start to think of it has a perk, you can start to say, are we getting the value out of this office relative to other things we can be offering?”.  I have to totally disagree with this…Read More→

Julie Taylor, Executive Vice President with Colliers International, was interviewed in a podcast on June 24, 2020 by THEREGISTRY about the current situation and future prognosis for San Francisco Bat Area retail. Here are a few highlights from this. Retailers are reexamining their supply chains and may look for multiple routes, and more domestic vendors…Read More→

Unbelievable office market in Silicon Valley with over 10 million square feet of new office projects under construction with over 75% already preleased! Google is partially responsible for this leasing frenzy, taking millions of square feet of office product. In a sad comparison, over in the East Bay with the Tri-Valley and I-680 Corridor we…Read More→

Concord Weapons Station Reuse Project City of Walnut Creek New Developments City of San Ramon Current Project List Colliers Retail Report Fall/Winter 2019 Colliers Oakland Office Report Q3 2019 Colliers Oakland Industrial Report Q3 2019 Colliers San Francisco – Peninsula Report Q3 2019 Colliers Pleasanton – Tri-Valley Industrial Report Q3 2019 Colliers Pleasanton – Tri-Valley…Read More→

“We’ve been debating for a couple of years about what impact the new FASB rules would have on our business,” says Adam Kaduce, SIOR, senior vice president at R&R Specialty Group n West Des Moines., Iowa. “Frankly, we’ve seen very little FASB-related influence on how people are looking at real estate. It’s more about talent-retention….Read More→

Just a few days ago I toured the almost-complete 30,000 square foot Industrious co-working facility under construction in Walnut Creek. It’s novel location is on the second floor of Broadway Plaza, one of the premier shopping centers in California, with offices looking out over the plaza and shops. With 112 private offices ranging from one…Read More→

In the San Francisco Bay Area, office tenant improvement costs have gone through the roof.  A few years ago, new carpeting and paint was $6-8/sf, now $12-15/sf.  Second generation space could be remodeled for $20-25/rsf just five years ago but now $50-60/rsf is required just to move a few walls, life-safety, Title 24 and minor…Read More→

WCI-GC Rod Adams 101 Ygnacio Valley Rd., Ste 105 Walnut Creek, CA 94596 (925) 256-5900 Fax: (925) 256-5905 roda@wilcoxandco.com

Triton Boris Orloff Triton Construction 1948 Mt. Diablo Blvd., Suite B Walnut Creek, CA 94596 (925) 946-9648 (925) 946-1365 borloff@tritonconstruction.com  

TL Mayse Construction Terry Mayse 728 St. John Circle Pleasanton, CA 94566 (925) 461-9090 Fax: (925) 461-9190 tmayse@comcast.net

Thompson Construction Leroy Thompson (925) 846-0512  

Taber Construction Bret Taber 2278 Pike Ct, Ste A Concord, CA 94520 (925) 682-6133

Swinerton Builders Myrna Wagner 1 Kaiser Plaza # 401 Oakland, CA 94612 (510) 208-5800 (415) 984-1287 mwagner@swinerton.com www.swinerton.com

Studio Benavente Architects Inc. Melissa Brie 580 Lennon Lane Walnut Creek, CA 94598 (925) 934-7778 www.studioarch.net

R.S. MacFarlane Construction 1870 Arnold Industrial Concord, CA 94520 (925) 674-1300 rsmac@netvista.net

Richlen Construction Jeff Hutson 115 Aspen Drive Pacheco, CA 94553 Cell: (925) 570-5069 (925) 674-8850 jhutson@richlen.com

Proforma Construction Jeff Antrim 4439 Stoneridge Dr, Ste 220 Pleasanton, CA 94588 (925) 426-1317 jeff.antrim@proformaco.com www.proformaco.com

Peacock Construction Kyle Peacock 3421 Golden Gate Way Lafayette, CA 94549 (925) 283-4550 www.peacockconst.com

P.D. Larson Company Paul Larson 7060 Koll Center Pkwy, Ste 334 Pleasanton, CA 94566 (925) 846-4433 Fax: (925) 846-4304

Legion Construction Robert Howard 4750 Norris Canyon Rd, Ste J San Ramon, CA 94583 (925) 355-1000

Kargl Construction Craig Kargl 2998 Teagarden St San Leandro, CA 94577 (510) 638-7683 Fax: (510) 638-7693 craig@karglconstruction.com www.karglconstruction.com

Guilkey Construction, Inc. Paul Guilkey 5052 Forni Drive, Suite A Concord, CA 94520 (925) 686-4424 Fax: (925) 686-4432 mrogozin@earthlink.net

  Field Construction, Inc. Randy McCracken 490 2nd St, Ste 100 San Francisco, CA 94107 (415) 648-8140 Fax: (415) 369-0474 Randy.McCracken@fieldgc.com www.fieldgc.com

D.A. Pope Inc. Carl Baughn 1160 Chess Drive, Suite 11 Foster City, CA 94404 Phone: (650) 349-5086 Fax: (650) 349-3016 www.dapope.com

Arbor Building Group, Inc. 3650 Mt. Diablo Blvd. Suite 200 Lafayette, CA 94549 (925) 299-8753 Fax: (925) 299-8769 www.arborbuildinggroup.com

ABK Construction Tony Kohler 22 W Cypress Pl Oakley, CA 94561 (925) 625-1244

AB Construction Andy Boggeri 1512 Shuey Ave Walnut Creek, CA 94596 (925) 708-2491 andyb@eventgroup.com

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→