Recently Facebook signed a lease in San Francisco for 750,000 square feet. This week it was reported that Facebook also signed a lease in Sunnyvale at Moffett Towers II for one million square feet! Industry experts are concerned that we might run out of office space. However, out here in the Eastbay the I-680 Corridor…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→

A very interesting article by John McNellis, Principal at McNellis Partners, and a sometimes astute contrarian, on WeWork. The shared office company leases 14 million square feet of office space, is reportedly valued at $20 billion, has 220,000 “subtenants”, and needs a 60% occupancy to break even. They lost $934 million last year, and just…Read More→