• Home
  • About Me
  • Blog
  • Sublease Central
  • Tenant Tips
  • Tenant Resource
    • Office Furniture Vendors
    • Commercial Tenant Improvement Contractors
    • Residential Real Estate Brokers
    • Commercial and Business Insurance
    • Recommended Business Books
  • Newsletter

+1 (925) 279 5590

Find Our Location
jeff.weil@colliers.com
officetimes.com officetimes.com
  • Home
  • About Me
  • Blog
  • Sublease Central
  • Tenant Tips
  • Tenant Resource
    • Office Furniture Vendors
    • Commercial Tenant Improvement Contractors
    • Residential Real Estate Brokers
    • Commercial and Business Insurance
    • Recommended Business Books
  • Newsletter
1

During 2019 in the City of Walnut Creek, California, only counting office buildings over 20,000 square feet, there were over 876,596 square feet of buildings sold for a combined sales value of $389,473,000. San Francisco reports that office sales doubled year-over-year. During the third quarter, $2.6 billion dollars of San Francisco office buildings sold totaling 3.3 million square feet. These are huge transfer tax generators and as I have done in the past, caution the various government agencies not to count this a reoccurring revenue stream as this phenomenon is not sustainable in the long run and should not be used for long-term budgeting. Enjoy it while we have it, but at least for the East Bay we have had the majority of our Class A office properties change hands over the past five years, and there is only so much you can squeeze out of an office building, even with rising rents.

Dec 20, 2019
2Why don’t more commercial buildings have surveillance cameras at their parking lots?

Why don’t more commercial buildings have surveillance cameras at their parking lots?

Dec 20, 2019

“A search conducted in the US and UK shows the presence of surveillance cameras in urban settings caused a significant decrease in property crimes on the streets and in subway stations, and a decrease of 50 percent in parking lots.” Wired November 2019

3

FASB Not Driving Real Estate Decisions

Oct 31, 2019

“We’ve been debating for a couple of years about what impact new FASB rules would have on our business,” says Adam Kaduce, SIOR, a Senior Vice President at R+R Realty Group in West Des Moines (office leasing business). “Frankly, we’ve seen very little FASB related influence on how people are looking at real estate. It’s…Read More→

4

The Bay Area is Too Expensive But So What?

Oct 30, 2019

What, haven’t you heard about the Bay Area’s outrageous cost of housing and California’s crazy high tax structure? You could expand anywhere in the United States, go where the average price of a decent home is $250,000 or less, which might be just the down payment in the Bay Area! Then again, if you were…Read More→

5

Three Decades of Growth in Madera County

Oct 11, 2019

I was just mailed a marketing piece from the California Madera County, Economic Development Commission, and a few interesting facts: In 1990 California’s population was only 29,950,000 and now it is 39,927,000, a 10 million growth in less than 30 years! No wonder our housing hasn’t caught up. The average home price in 2018 in…Read More→

6

Economic Downturn?

Aug 7, 2019

Is the economic downturn on its way?  In the National Real Estate Investor, July, 2019 there were a number of different articles written by different authors but all pointing in the same direction for 2020 – down… Elaine Misonzhnik started it off on page 6, discussing industrial real estate “…while e-commerce growth will continue to…Read More→

7

Commercial property values may be peaking

Nov 14, 2018

First time since the Great Recession that I’ve heard multiple commercial real estate brokers broach the possibility of an upcoming real estate “crash”. In my opinion, crash is too harsh, but with rising interest rates, cap rates (price divided by net income) will also go up, resulting in property values going down. A number of…Read More→

8

Tech companies get into the housing game

Oct 29, 2018

Google has plans to build 5,000 homes on its Mountain View property and 9,850 housing units at its future North Bayshore property … “Live, work, play and stay”. Bishop Ranch plans to build 478 apartments within its business park. Facebook plans to build 1,500 housing units at its Willow Campus in Menlo Park. (The Registry,…Read More→

9

Smart office buildings increase bottom lines

Oct 22, 2018

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→

10New housing, more offices, but not infrastructure

New housing, more offices, but not infrastructure

Aug 29, 2018

I am so glad we’re building new freeways and additional Transbay bridges and BART tunnels … NOT! Yet there is a huge push to build hundreds of thousands of new homes in the Bay Area to accommodate the hundreds of thousands of new tech jobs. In just one submarket, San Francisco’s Central South of Market…Read More→

11

CORPORATE OFFICE PERSPECTIVES | AUGUST 1, 2018

Aug 1, 2018

“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→

12

Goodbye Big Box

Jul 12, 2018

An excellent article by John Cumbelich, a retail-leasing specialist, who shares the sad news of regional malls and power centers. “… the regional mall, some 400 of which will fail in upcoming years. Another 400 will struggle, leaving only about 250 “fortress” malls that are expected to thrive. On the other hand, he cites Oakland,…Read More→

13

Canopy is opening a new shared 11,000 square foot space

Jul 12, 2018

Canopy is opening a new shared workspace on Jackson Square, San Francisco. The 11,000 square-foot facility will be a “serene, distraction-free environment for up to 250 members to concentrate, connect and do their best work.” That ratio works out to 44 square feet per employee. If we imagine that everyone were to show up one…Read More→

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

Categories

Find us on

Call or Email Me!

We're not around right now. But you can send us an email and we'll get back to you, asap.

Send Message
Solving Your Commercial Real Estate Needs Find Commercial Space Today!

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

Copyright © [2018] — Officetimes.com. All Rights Reserved.