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NorCal Industrial Surge!
Developers Can't Build Fast Enough In The Bay
Event Ended On: Thursday December 7 2017
Registration Questions?
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Speakers and Panels
Recent Groundbreakings: Construction & Leasing Update
Construction & Leasing Update
Kevin Ramos
Future of Industrial In NorCal: TI's, Build Costs and Location
Year's End Roundup
Bob Wissmann
David Haugen
Venue
The Fairmont Hotel
950 Mason St
San Francisco, CA 94108
Ballroom: Gold Room
Parking Information:
Fairmont San Francisco Hotel Garage is located on the corner of Powell and California Streets, Visitor parking is $5 for every 20 minutes.
Agenda
| Time | Activity |
|---|---|
|
7:30 AM 8:30 AM |
Breakfast & Networking
|
|
8:30 AM 9:15 AM |
Recent Groundbreakings: Construction & Leasing Update
|
|
9:15 AM 10:00 AM |
Future of Industrial In NorCal: TI's, Build Costs and Location
|
|
10:00 AM 10:30 AM |
Closing Remarks & Networking
|
Summary
"The next big thing in office mixed-use development could come from a rising demand for light industrial space near city centers." - Julie Littman, Bisnow SF Reporter.
With continued innovation in Northern California, let's unpack the reasons for this recent industrial development & investment surge!
The Bay Area is set for steady industrial growth as low vacancy rates and industrial net absorption remain the talk of the industry. Last year’s net absorption rate totaled 3.8M SF and asking rent shot up to $0.73/SF from a low of $0.43/SF in 2010, according to JLL. These indicators have not gone unnoticed as leading brokerages chime in. Colliers International SVP | SIOR Kevin Hatcher reflects, "The last couple of years [have] been a good run for Bay Area industrial, including the larger distribution market of Tracy and Stockton.”
Collier's Hatcher is right on the money, but still, some are asking...
1) What cities and municipalities are offering development incentives?
2) Are tenant incentives a deal breaker? Should cities & municipalities cave to the demands of those looking to build in their backyard?
3) Leasing: How will industrial vacancy rates look 2018? Will logistics or distribution centers be a driving force?
4) Building: With the Federal Reserve aiming to raise interests rates, how will this affect the builder's outlook?
5) Cap rates are hovering around 5 - 6% in the Bay Area. Can owner's expect to see greater returns in 2018?
While industrial development has traditionally taken place in more inland in cities such as Tracy, Stockton, and Sacramento. We are now seeing development trends in the East & South Bay grow year over year.
Learn more about this fascinating asset class on 12/7. Connect, Learn and Grow with Bisnow!
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