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136

Corenet Global Covid-19 Implications: Working Remotely Or Back to the Office?

Nov 24, 2020

  Cynthia Milota of Ware Malcomb and Sally Augustin, Design With Science, wrote an article for Corenet Global discussing working from home vs returning to the office. “Organizations are re-imagining their mobility profiles. W1ill they be remote first with come in-office presence, or will the model largely be in-office first while allowing for remote work?…Read More→

137

Tenants Vacate Records Amount Of Sublease Space

Nov 14, 2020

  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→

138

The Why of Why in Workplace

Nov 6, 2020

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→

139

Not Good News For The Office Industry!!

Nov 1, 2020

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→

140

168.8 Million SF Of Office Sublease Space, 33.5 Million SF of Negative Absorption

Oct 15, 2020

  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→

141

Major Corporate Users Around The U.S. Dealing Differently With Planning Return To Offices

Oct 14, 2020

  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→

142

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

Oct 13, 2020

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→

143

Office Sublease Space Flooding the Market Nationwide, and More Than Half Tech Companies Plan to Get Rid of Space

Oct 9, 2020

  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→

144

Deutsche Bank, Along with Others, Considering Permanent Office Space Reduction To Allow Work-From-Home

Oct 7, 2020

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→

145

San Francisco Apartment Rents Down 20%, Office Markets May Take Until 2025 To Recover

Oct 6, 2020

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→

146

Sorry But A Dire Forecast Just Out by the California Economic Forecast Consultants

Sep 17, 2020

  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→

147

Report Out on Top 25 US Metro Office Markets

Sep 16, 2020

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→

148

Working Remotely Might Cause You Owing Taxes If In Another State

Sep 3, 2020

  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→

149

Two Sides to the Same Office Coin

Sep 1, 2020

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→

150

San Francisco Office Vacancy Rate Doubled in 2nd Quarter

Sep 1, 2020

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→

151

How Does Commercial Real Estate Make Decisions Not Knowing if the Virus Will be With us for Months, Or For Years?

Jun 29, 2020

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→

152

The Office As A Perk?

Jun 20, 2020

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→

153

June 24, 2020 Insights on Retail Leasing By Top Industry Expert

Jun 17, 2020

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→

154

Silicon Valley Office Market is Sizzling!

Feb 26, 2020

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→

155

2020 Commercial Real Estate Forecast for RINA

Jan 16, 2020

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→

156

Experts report minimal impact on office space decisions due to FASB

Jan 15, 2020

“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→

157

Very Impressive New Co-Working Coming to Walnut Creek!

Dec 26, 2019

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→

158

San Francisco Bay Area Tenant Improvement Costs

Aug 2, 2019

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→

159

West Coast Commercial Interiors

Jul 24, 2018
West Coast Commercial Interiors John Palazzotto 9020 Brentwood Blvd., Ste B Brentwood, CA 94513 (925) 625-3757 x 108 Fax: (925) 513-0151 www.wcci.us
160

WCI-GC

Jul 24, 2018

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

161

Triton Boris Orloff

Jul 24, 2018

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

162

TL Mayse Construction

Jul 24, 2018

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

163

Thompson Construction

Jul 24, 2018

Thompson Construction Leroy Thompson (925) 846-0512  

164

Taber Construction

Jul 24, 2018

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

165

Swinerton Builders

Jul 24, 2018

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

166

Studio Benavente Architects Inc.

Jul 24, 2018

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

167

R.S. MacFarlane Construction

Jul 24, 2018

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

168

Richlen Construction

Jul 24, 2018

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

169

Proforma Construction

Jul 24, 2018

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

170

Peacock Construction

Jul 24, 2018

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

171

P.D. Larson Company

Jul 24, 2018

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

172

Legion Construction

Jul 24, 2018

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

173

Kargl Construction

Jul 24, 2018

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

174

Guilkey Construction, Inc.

Jul 24, 2018

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

175

Field Construction, Inc.

Jul 24, 2018

  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

176

D.A. Pope Inc.

Jul 24, 2018

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

177

Arbor Building Group, Inc.

Jul 24, 2018

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

178

ABK Construction

Jul 24, 2018

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

179

AB Construction

Jul 24, 2018

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

180First Important Step In Addressing CA Housing Crisis-Bay Area Council

First Important Step In Addressing CA Housing Crisis-Bay Area Council

Nov 8, 2017

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→

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Jeffrey Weil, CCIM, MCR.h, SIOR

Executive Vice President
San Francisco Bay Area
1850 Mt. Diablo Blvd., Suite 200
Walnut Creek, Ca 94507
CA Lic. 00786195
Phone: +1 925 279 5590
License #: CA-00786195
Email: jeff.weil@colliers.com

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Contact Information:

  • Jeffrey Weil
  • Colliers International
  • 1850 Mt. Diablo Blvd., Suite 200
  • +1 (925) 279 5590
  • jeff.weil@colliers.com
  • officetimes.com

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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