san francisco office market: New Subleases Will Not Necessarily Drop Rental Rates - 09/09/08 02:06 PM
The San Francisco Business Times headline, "500 Thousand Square Feet of Office Space Will Be Dumped Into the Marketplace". All of the major financial institutions are shredding office space as they immediately attempt to cut costs. Sounds good for office tenants that will be in the market this year right? Well … (0 comments)
san francisco office market: The Art of an Office Deal in 2008 - 08/28/08 03:19 PM
2008 is a challenging year for business, but in San Francisco you would not know it in terms of the office space market. Rents are still at a seven-year high and although landlords are starting to lower rental rates, tenants are still in for sticker shock as their own business is … (0 comments)
san francisco office market: Tech Firms and Startups Keep San Francisco Bay Area Office Market Steady - 07/07/08 10:40 AM
The San Francisco Bay Area office market continues to remain stable in the face of uncertain economic times. Vacancy rates are holding in all markets throughout the Bay Area while prices have fallen more as a result of new owners of properties becoming more realistic to rental rate acceptance by tenants. … (0 comments)
san francisco office market: Vacancy Rates Remain Unchanged - 05/13/08 03:10 AM
End of April Bay Area vacancy rate figures remained unchanged. San Francisco held at 6 percent, the same rate since January. San Mateo at 7 percent, the same as November of last year and Oakland-East Bay up a point to 11 percent since January.
Rental rates did dip slightly in these … (0 comments)
san francisco office market: “The Perfect Storm”? The Turnaround of the San Francisco Bay Area Office Market - 03/12/08 08:10 AM
For years, Wall Street viewed the San Francisco office market as stable but mature. It no longer was considered a headquarters market, but its core markets-including technology and medical research-its strong branch market, and its attractiveness continued to draw a robust workforce. Wall Street also pegged office market rents in the … (1 comments)
san francisco office market: Can "Branch Cities" Maintain "Headquarter Cities" Rental Rates? - 02/15/08 02:48 AM
I came back from Boston and visiting with an affiliate there. As he described the Boston Office market, he described a market not unlike San Francisco. Vacancies there are heading to single digits. New buyers have purchased office buildings and have pushed rental rates over twenty percent so far this year, … (1 comments)
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When I entered the commercial real estate business back in 1984, I entered the market just as it was collapsing. My very first offer that I made for a client was at $52.00 at a time when the office vacancy rates were in the low single digits. In one year the … (0 comments)
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