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The Bay Area's industrial market is expanding east as local and regional companies are priced out of the core infill markets. 
Low vacancy is driving up rents across the Bay Area and many users are turning to the Central Valley for cheaper rents, according to JLL Managing Director Industrial & Logistics Jason Ovadia, who spoke at Bisnow's NorCal Industrial event Thursday.…
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Wine Country Wildfires Resulted In Record Insured Losses
The firestorm that swept through Wine Country in October has resulted in a record number of insured losses. The North Bay fires accounted for $9B in insured losses — nearly all of the reported $9.4B in statewide fire losses so far…
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Kilroy Realty Inks Another Large San Francisco Lease
Kilroy Realty Corp. signed a 10-year lease with tech firm Okta for 207K SF at 100 First St. in San Francisco. This lease is the fourth-largest lease in San Francisco after leases from Dropbox, Facebook and Airbnb. Okta is expanding its footprint…
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Proposed San Francisco Ballot Measure Would Set Aside 6M SF In Office For Central SoMa
A proposed San Francisco ballot measure could fast-track approvals of 6M SF of office in Central SoMa, but there is a catch. New office projects would have to contribute to affordable housing projects or pay additional fees, the San Francisco Business…
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5 Ways Architectural Design Is Going GreenSustainability has been at the forefront of building construction and design for years. As Americans become more conscious of climate change and environmental issues, building owners are pushing for improved green building strategies that will help reduce the carbon footprint. Across the U.S., commercial buildings account for an estimated 38% of carbon dioxide emissions and 39% of total energy due to the large amount of energy required to heat, cool and power a building with electricity, according to the Environmental Protection Agency. |
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Servcorp To Spend $30M On Worldwide Pivot To Co-WorkingLuxury flexible and virtual office space provider Servcorp is getting in on the co-working revolution on a global scale. The Australia-based company announced on Thursday a $30M investment to expand its co-working model to 50 of its locations worldwide, including eight in the U.S. The decision comes after the company tested out co-working in pilot programs in Tokyo and Sydney, as well as an earlier iteration incorporated into the initial delivery of its location at One World Trade Center. |
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REITs To Bounce Back In 2018 Following This Year's Lagging PerformancePublicly traded REIT yields have underperformed the broad stock market this year, causing some to question the market's resiliency. But industry experts foresee returns bouncing back in 2018. As of Dec. 5, year-to-date returns on the FTSE NAREIT All REIT Index stood at 8.1%, while S&P 500 yields averaged 19.69% year-to-date. Though the discrepancy is wide, National Real Estate Investment Trust Economist Brad Case said any hesitancy on investors' part and concern about future REIT performance is unwarranted. |
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