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1

5.2 Million Square Feet of San Francisco Office Space May Be Suited For Housing Conversion!

Sep 13, 2023

If true this could be great news! A recent working report from New York University and Columbia University identified older office buildings that were physically suited for conversion from office to residential. “The papers authors…identified 140 office buildings across San Francisco for which residential conversion could make financial sense. San Francisco, the paper’s authors write,…Read More→

2

For The Second Straight Year, Almost 1% of California Residents Moved To Another State

Dec 26, 2022

According to the Census Bureau data, for the year ending July 1, 2022, 343,000 California residents left the state. However, 106,000 births and 125,700 net international immigration  resulting in a net loss of 113,000. Meanwhile, Texas grew by 470,00, Florida by 416,000 and North Carolina by 133,000.  Of course, with our limited water supply and…Read More→

3

Are 20 Cities Who Will Pay You To Move There!

Oct 22, 2022

In the October 21, 2022 San Francisco Business Times article, 20 cities were mentioned that will pay folks to pack up and move to their city. Here are a few examples, and the incentives range from giving you a discount on buying a home there, unlimited golf membership, free use of co-working spaces, free fitness…Read More→

4

Office and Industrial Real Estate Slowdown

Oct 20, 2022

  The CIM Group out of Los Angeles had plans for a 1.1 million square foot office tower in downtown Oakland, but is now proposing a 487 foot tower to build 600 residential units. This would be the tallest building in Oakland. According to CoStar News, “While to pivot is a boost of momentum for…Read More→

5

A Great Example Of Making Money In Bay Area Commercial Real Estate

Sep 7, 2022

TheRegistry published on Spt. 6. 2022 where in 2015 Northwestern Mutual paid $37.8 million for the 100 unit Arroyo Residences apartment complex in downtown Walnut Creek at 1250 Arroyo Way, and now Rockwood Capital just purchased this property for $66 million, $440,000 per unit. The property is a half-mile walk from Bart, walking distance to…Read More→

6

Great Economic News, and More Great News!

Aug 19, 2022

Colliers just released a bullet list for August of a few  of the very positive news clips out. Blackstone, one of the biggest commercial real estate investment companies in the world, just raised 24.1 billion for its latest real estate fund, ‘the largest fundraise on record’. “July’s job report marks the return of full-pre-pandemic employment…Read More→

7San Francisco Bay Area Proves 19th Strongest Economy in The World

San Francisco Bay Area Proves 19th Strongest Economy in The World

Dec 15, 2021

If the San Francisco Bay Area were it’s own country, it would be ranked #19 in the world in terms of largest economy.  Recent major corporate expansions in this region have bolstered this well-deserved reputation. LinkedIn just expanded its Sunnyvale headquarters by committing to a number of new office buildings to be developed. Meta, formerly…Read More→

8

The Bay Area Exodus Might Be Slowing

Jun 18, 2021

Updater is a relocation app that helps Americans with various tasks that come up with a relocation, such as hooking up to Internet, getting your mail forwarded, updating your various records, etc. They track who is going where in the U.S.  From migration analysis of 300,000 moves, less folks are leaving San Francisco than in…Read More→

9

Most Employers Thinking Of Leaving The Bay Area Plan To Leave California

May 4, 2021

The Bay Area Council surveyed 1,000 voters and 47% said they might leave the bay Area over the next few years. Of that group, 88% said they would leave California, The respondents citing high taxes, the high cost of living and housing costs doubled over the past few years. Texas, Arizona and New Mexico were…Read More→

10

Surprise, It Is Still ‘California Is the Place To Be!”

Apr 27, 2021

  Even though some of you think California is losing all our major corporations and tons of our residents, and yes, we are letting a few out of this paradise of high taxes, high utilities,  and sometimes challenging politics, but the San Francisco Business Times reported on today’s Time Magazine 100 Most Influential Company list…Read More→

11

California’s Job Market Should Outpace The Nation but…

Mar 12, 2021

According to George Avalos, business reporter for the East Bay Times, “California’s job market should outpace the nation’s employment performance during 2021 – but remain two years away from climbing  back to the record job totals the state reached in early 2020” according to the UCLA Anderson Forecast just out. Also, the report cast doubt…Read More→

12

Your Company Allows You To Work From Home, You Relocate To a Lower-Cost Region, Buy a Home, Move your Family, Then Your Company Changes Its Mind

Mar 2, 2021

There have been a number of major tech and finance companies over the past nine months who have announced long-term stay-at-home policies, prompting thousands of employees to uproot their families, relocate to a much less expensive region, purchase a new home, and begin to enjoy life with less financial stress. Many companies have had detailed…Read More→

13

Silicon Valley One Of The Nation’s Hottest Office Markets

Feb 8, 2021

According to a recent report by CBRE, Silicon Valley will be one of the hottest markets, nationwide, for future office development. “The San Jose metro area, defined as Santa Clara County, is touted as the No. 1 market for future development of office space and is also seen as an excellent market for retail and…Read More→

14

In Some Regions Distressed Hotels Being Bought Pennies On the Dollar for Conversion

Feb 5, 2021

Diana Olick wrote an article Feb. 4, 2021 citing the affordable housing stock now 96-99% occupied, while in some communities many hotels are sitting empty due to the pandemic, with 18% behind on their mortgages as of December 2020 as compared with only 2% the prior year. Developers are taking advantage of this, purchasing distressed…Read More→

15

White-collar Jobs Leave Bay Area To Benefit Elsewhere

Feb 5, 2021

In 2020 Austin, Texas saw a 5.8% year-over-year job growth, Boise Idaho enjoyed a 2.9% growth, Dallas 2.8%; Seattle 2.35; Denver 1.7% and Nashville 1.2%, which on the other side of this equation San Francisco and San Jose each lost 2.6% of their jobs in the finance, information and professional services catagories…I’ve heard stories of…Read More→

16

California lost 1.41 Million Jobs During 2020, With Bay Area Losing 360,300 Jobs

Feb 2, 2021

According to the East Bay Times reporter George Avalos, California lost 1.41 million jobs last year. Ouch! Michael Bernick, employment attorney with Duane Morris and former EDD Director, said “We are looking at a much more gradual recovery than first hoped, and a lot of jobs that were lost are going to be lost permanently,…Read More→

17

The United States Office Market Continues To Struggle

Jan 29, 2021

David Amsterdam, President of Colliers Capital Markets, just sent out a bulletin with the following bullet points: Q4 negative absorption of 40.9 million sf is second-highest on record…ten metros posted negative absorption of at least one million (New York, Los Angeles, San Francisco, Chicago)…Sublease space now a record 188 million sf. I have been doing…Read More→

18

Report Shows 6,245,097,791 square feet of U.S. Office Space, 787,608,807 square feet vacant

Jan 25, 2021

But the real story is a number of reports predicting that Corporate America will be downsizing by 25% of its total office space. This means we may have 1,561,273,198 square feet of vacant office space as companies trend towards partial or total long-term work-from-home strategies, which means we have another 773 million square feet of…Read More→

19

It is Definitely Not A Good Sign When Major Corporations Start Selling Their Campuses

Jan 25, 2021

Last week Oracle placed three of their Peninsula office buildings on the for-sale market, after announcing a few weeks ago they were moving their headquarters to Texas. Now NetApp just announced they will sell their 702,200 square foot Sunnyvale office campus. They have not announced leaving California…yet.  I started researching all the links to states…Read More→

20

Office Market To Return Mid-2022, and Corporate America To Shed 25% of Their Office Space?

Jan 23, 2021

At a recent webinar where I forecast what was going to happen in the various commercial real estate segments over the next few years we had several surveys. One was asking our audience, which included CPA’s, bankers, realtors and lawyers, when they thought the office market was going to return, and the overwhelming consensus was…Read More→

21

Is Oracle Selling Part of Their Peninsula Office Building Portfolio Mean Worse is Going to Happen?

Jan 21, 2021

  It is bad enough that San Francisco Bay Area corporations are putting leased space on the sublease market, packing up and moving part of their operations to Texas or elsewhere, but when major companies begin putting their office campuses on the ‘for sale’ market this is a much more serious sign of what might…Read More→

22

Quote From February 2020 Newsletter Unfortunately Comes True

Jan 20, 2021

  In case you weren’t aware I have been writing and publishing a newsletter, Corporate Office Perspectives, for the past 43 years and it goes out to tens of thousands of subscribers every other month. If you would like a free subscription just go to www.officetimes.com to sign up. In my February 2020 was the…Read More→

23

New survey shows 29% of C-suite executives considering moving their operations out of state or country

Jan 20, 2021

In a survey of 150 C-suite executives conducted by the firm West Monroe, 29% are considering relocating their operations out of state or out of the country due to the high cost of living and high tax burdens. The top relocation is Texas, and the largest region of where these companies will be relocated from…Read More→

24

The San Francisco Bay Area Is Being Hit Hard by Employees Fleeing For Lower Cost Regions

Oct 29, 2020

According to the East Bay Times, “At least 1 in 5 residents in high-priced cities say they have already moved or expect to – a possible harbinger of significant change in the Bay Area. This is the biggest, fastest transformation of how we work since World War II” said Adam Ozemik, chief economist at Upwork….Read More→

25

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→

26

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→

27

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→

28Francisco G. Cabrita

Francisco G. Cabrita

Jul 24, 2018

Danville (925) 791-4242 (925) 368-3333 Francisco.Cabrita@sothebysrealty.com franciscocabritarealty.com

29

Lauren Woody

Jul 24, 2018

Lauren Woody (415) 343-5115 Lauren.m.woody@gmail.com www.laurenwoody.com Walnut Creek

30

Cait Hudson       

Jul 24, 2018

Cait Hudson    (925) 451-6844 Cait@CaitHudson.com Walnut Creek

31

Jessica Evans

Jul 24, 2018

Jessica Evans (707) 315-9803 jessica.evans@bhhsdrysdale.com Walnut Creek

32

Joyce Chiu

Jul 24, 2018

Joyce Chiu (925) 683-2270 joyce@joycechiu.com www.joycechiu.com East Bay

33

Joe Tagupa

Jul 24, 2018

Joe Tagupa (510) 599-2351 Joe.Tagupa@BHHSDrysdale.com www.joetagupa.bhhsdrysdale.com Danville

34

Roland L. Ross

Jul 24, 2018

Roland L. Ross (925) 353-7700 rolandross@sbcglobal.net Dublin

35

Sherese Lopez

Jul 24, 2018

Sherese Lopez (925) 765-3855 Sherese@ShereseLopez.com www.ShereseLopez.com Walnut Creek

36

Steve Martin

Jul 24, 2018

Steve Martin (925) 876-8877 smartin@eagleres.com www.alamoeagle.com Alamo

37

Dana Green

Jul 24, 2018

Dana Green (925) 339-1918 Dana@DanaGreenTeam.com www.danagreenteam.com Lafayette

38

Jessica Depper

Jul 24, 2018

Jessica Depper Cell: (925) 951-0703 JessicaDepper@gmail.com Walnut Creek

39

Maribel Cribb

Jul 24, 2018

Maribel Cribb (925) 838-9700 Cell: (925) 997-1791 maribel@sothebysrealty.com Danville

40

Trish Elste

Jul 24, 2018

Trish Elste (925) 322- 7509 (925) 934-1111 Cell: (925) 322-7509 TElste@apr.com www.telste.apr.com

41

Teresa Zocchi

Jul 24, 2018

Teresa Zocchi (925) 360-8662 Teresa@dudum.com Walnut Creek

42

Negar Hekmat

Jul 24, 2018

Negar Hekmat (925) 688-1500 Cell: (925) 525-7800 Negar.Hekmat@bhhsdrysdale.com Pleasant Hill

43

Cheryl Hammond 

Jul 24, 2018

Cheryl Hammond  (925) 934-2900 Cell: (925) 628-8220 Cheryl@CherylHammond.com www.CherylHammond.com Walnut Creek

44

Georgia Cornell

Jul 24, 2018

Georgia Cornell (510) 338-1325 Cell: (510) 325-1085 gvcornell@comcast.net www.GeorgiaCornell.com Oakland

45

Lauren Woody

Jul 24, 2018

Lauren Woody Cell: (415) 343-5115 Lauren@LaurenWoody.com www.laurenwoody.com Walnut Creek

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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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