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→

The Internet of Things will become increasingly important in the operations of commercial buildings, keeping operating costs down, increasing building efficiencies, and improving employee satisfaction with their work environment. As one small example, if air conditioning repairs can be made before the unit breaks due to sensors and new technology, this can save money. If…Read More→

In my opinion, over time there will be a greater rent spread between newer, smarter office buildings as compared with class B and C “dumber” buildings. There will be a number of reasons for this increasingly larger rent differential. Modern Class A office buildings with state of the art building systems can run much more…Read More→

Office remodeling may result in deciding what to do with the old furniture. “The 3D Approach: Decommissioning, Donating, Dismantling.” Secondary office locations might see value in excess furniture. Non-profits might benefit from “gently” used items. Scap dealers might take old furniture systems for salvage. “It is rare that any of these options will make money,…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→

Past SIOR President Geoffrey Kasselman predicts that office space may one day be occupied 24/7, and there are major users “that may rhyme with Zamazon and Zoogle that are trying to negotiate with large-portfolio commercial landlords now — they want a landing pad on the top of their buildings so they can recharge the drone…Read More→