Editor: Jeffrey S. Weil, MCR.h, CCIM, SIOR Executive Vice President 1850 Mt. Diablo Blvd. Suite 200 Walnut Creek, CA 94596 Phone: +1 925 279 5590 Fax: +1 925 279 0450 Email: jeff.weil@colliers.com Blog: www.OfficeTimes.com   October 1, 2022 Issue: 254   If you know someone who would like to receive this newsletter, please send their…Read More→

Issue: 246 This issue # 246 marks the 41st year of publication. I must have started writing this in elementary school! Also please check out my regular blog posting at https://officetimes.com/real-estate-blog/ Will some corporations mandate a full return of employees back to the office, some starting later this summer? Yes! Will some companies allow 100% remote…Read More→

Apartment rent collections nationwide which were in the 90+% range the past few months appears to have sunk to the 82% level. Retail rent collections reported in the 25% range. At some point this will impact the banking and financial sectors when landlords cannot pay their mortgages without sufficient rents coming in. Will this lead…Read More→

The other day I attended an excellent Zoom meeting and here are the highlights. A number of California counties are using e-recording while their offices are closed to the public. The original documents must be in the escrow officer hands while the documents for recording are transmitted electronically. Submissions are routinely kicked back if the…Read More→

Yesterday I was on a webinar with Larry Heard, CEO, and Chip Clarke, President and here are the highlights…the office industry will come out of this COVID-19 fine, but there will be a period of transition and adjustment. It won’t be business as usual. Working from home seemed to turn out fine for many of us, but…Read More→

Bisnow April 8, 2020 reports that 22.7 million of the 45.8 million total rental units are owned by mom-and-pop individual investors and many of these use their tenants rent to pay their property taxes and mortgages. If they don’t’ have Freddie or Fannie loans, without Federal assistance in mandating the lenders give owners some type…Read More→

The biggest development in San Jose will be the 60+ acres of downtown properties Google has acquired, proposing 3-5,000 residential units, 5.5 million square feet of office space, 15 acres of open space and 500,000 square feet of retail, cultural, arts, hotel and other uses.

All around the San Francisco Bay Area office vacancy rates are extremely low, except along the I-680 Corridor and the Tri-Valley, where vacancy rates are still double digits.  Tons of sublease space – do you want 200,000 square foot, Class A long-term leasehold remaining, for $30/rsf per annum with $150/rsf tenant improvements in place?  Call…Read More→

An avalanche of Bay Area IPO’s creating thousands of new millionaires, some now flush with cash seeking to buy homes, while Californians by the tens of thousands are selling their pricey ranchers and condos and fleeing to lower cost areas like Texas, Utah, Tennessee, and other more affordable places.  Even if a million folks left…Read More→