There appears to be a number of apps out that can allow employees to upload their e vaccination status, employment information that then allows a touchless building access through the lobby without having to check in with security. These apps allow you to control the elevator to get you to your specific floor, and…Read More→

Alexandria Real Estate Equities, one of the nation’s largest laboratory developers, just announced it has purchased the JC Penny property at the Tanforan Mall in San Bruno, California. When the existing leases expire it plans to raze the building and build 700,000 square feet of life science space.  Conversion and re-use of big-box has been…Read More→

  This is my 45th year representing corporations in the sale and leasing of Northern California office space. I may be sticking my neck out, but that is the privilege I have in writing this blog. I believe that we are finally at the low point in the office leasing cycle, and that while we…Read More→

Every year the Business Facilities magazine publishes It’s National Rankings of States  for 27 different categories including Health Care Jobs,, Tech Talent Pipeline,  Aerospace/Defense and while California did terrible in the Best Business Tax Climate category, of the 27 categories California ranked #1 9 times and was in the top 10  17 times. Very impressive,…Read More→

A Colliers report just out compares what the ‘normal’ office sublease prior to the Covid crisis was averaging 110 million square feet and now is almost double that at 208 millions square feet. Sublease asking rents are an average of 26.7% below direct space. San Francisco currently has 8.8% of its office market for sublease….Read More→

At a recent commercial brokers meeting filled with industry experts…apartment house cap rates in the Bay Area are averaging 4.3%, even though apartment vacancy rates have almost doubled since the pre-pandemic, going from 4% two years ago to 7.6% currently. The eviction moratorium is about to expire in many regions and this might cause a…Read More→

A number of the major fast food restaurants are coming out with new store designs, emphasizing drive-through and take out, and in some cases eliminating the dining option entirely. Burger King has two new concepts, one with three drive-through lanes, one dedicated to delivery drivers, and a parking lot where customers can order through their…Read More→

In The San Francisco Business Times  Nov. 20, 2020 “Bank of the West Chief Economist Scott Anderson said he anticipates national commercial real estate values will fall 22% from peak to trough. ‘Office and retail are going to be in for tough sledding over the next year and a half to two years,’ Anderson said….Read More→

  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→

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→