Oakland's Tight Industrial Market Is Pushing Users, Developers Into Ancillary Markets
With the Bay Area home to some of the hottest industrial markets, what will shape the sector in the coming year? Find out at Bay Area Industrial Summit on Oct. 25.
|
|
|
The Bay Area's industrial market is hot. Rents are at all-time highs. Vacancy is low and warehouses aren't being built fast enough. Oakland is the third-most-expensive industrial and logistics market in the country with rents growing 14% in the 12 months ending in March, according to a CBRE report.
At the same time, land prices in ideal locales such as Oakland and Fremont are rising alongside the cost to build, making it more difficult to add developments where users want to be.
This has resulted in new opportunities in…
Read Full Story
|
|
|
Top stories on Bisnow.com
|
Bay Area Cost Of Living Putting Pressure On Healthcare Facilities
The cost of living in the Bay Area has made it difficult to recruit and retain healthcare professionals across multiple health systems and facilities. Those health systems that are able to recruit high-quality employees are the ones able to offer substantial…
Read Full Story
|
|
|
Despite Lawsuit, Paragon Opens First Cannabis Coworking Space In Hollywood
Los Angeles-based Paragon, a company that provides supply chain tracking for the cannabis industry and uses blockchain transactions, has just opened the city's first coworking space for cannabis-related companies in Hollywood.
Just a block away from the Sunset-Gower Studios, ParagonSpace at 1461 Tamarind Ave. is a 4,300 SF office campus with meeting rooms, an outdoor courtyard, a recreational room with table tennis, a kitchen and a lounge.
Click here to read the full story. |
|
|
CalPERS Board Split On Pension Fund's Investment In Planned Tallest Skyscraper In California Capital
Pension fund giant California Public Employees Retirement System, or CalPERS, and its long-standing development partner CIM Group, are planning to go ahead with a major mixed-use development in Sacramento near the California state Capitol.
The vote by CalPERS' board of administration to approve the project, which would be the tallest building in the city, reportedly wasn't unanimous.
The development, 301 Capitol Mall, would rise 550 feet and include about 100 apartments and 737K SF of office space. There would also be an elevated public park and some retail space.
Three of the 13 members on the pension…
Read Full Story
|
|
|
|
|
|
No One On Amazon's List Has More Talent Than NYC, But It's Still Considered A Long Shot
It has been nearly nine months since Amazon announced its whittled-down list of cities for its second headquarters, and most analysts of the search have put New York City's odds of winning the bid somewhere between slim and none.
Analysts say high prices are what could ultimately cost New York the $5B campus, dubbed Amazon HQ2. Average rents in Manhattan hover at $4K per month, while the average price of a condominium or a co-op in the borough is above $2M. The city's construction costs are the highest in the world, and in a recent ranking of the most construction-friendly HQ2 finalists, New York didn't even crack the top 10.
Click here to read the full story. |
|
|
