These 5 Trends Will Impact San Francisco CRE In 2018
While San Francisco is a top market for the tech industry and is fetching some of the nation's highest office rents, it also has been a region with high housing costs, a lack of available space and a stifling regulatory environment. While San Francisco will remain on the top of many investors' lists for buying and selling assets, many challenges will remain.
Check out the top five issues that will impact San Francisco CRE in 2018:
1. The Tech Industry
Tech has been making big moves in San Francisco and throughout the Bay Area this year, with Dropbox securing the city's largest lease ever and Facebook, Uber and Airbnb making big plays for large blocks of space as well.…
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More On San Francisco State Of The Market
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Life Science Company Expands Into Downtown Oakland
Clovis Oncology will expand into Oakland with a 32K SF lease at TMG Partners' 1330 Broadway building. Clovis also has a presence in Mission Bay in San Francisco. The biopharmaceutical company will occupy the ninth and 10th floors of the…
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Transbay Terminal Center Opening Delayed Months
The first buses at Salesforce Transit Center, formerly Transbay Transit Center, will not roll into the large bus station until as late as June. Delays related to wiring the massive structure have pushed the station's opening back from spring to…
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Tenants In Tech, Creative And Media Industries Behind 22% Of All Trophy Space Leases
When it comes to tech tenants, the lust for brick-and-beam office space could be fading.
As the attraction and retention of talent remains a top priority for office occupiers and available space continues to tighten in many markets, established firms in tech-heavy regions like Seattle and San Francisco are starting to turn to retrofitted office towers and trophy buildings as a viable option for new office space, the New York Times reports.
Tech, creative and media industry tenants have leased more than 8.5M SF in trophy buildings across the U.S. in 2017. This means the group leased 22% of all trophy space, an increase of 7% year-over-year, according to JLL.
As startup companies…
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7 Juicy Headlines You May Have Missed Over Thanksgiving Weekend
Though commercial real estate news remained sparse this Thanksgiving weekend as Americans stuffed their faces and then recovered from food and family, Bisnow gathered a handful of major headlines you likely missed due to Turkey Day.
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Alibaba And Singles Day Make Black Friday Look Small And Show The Future Of Retail
Singles Day may be an invented holiday, but Nov. 11 in China gives an indication of how retail will evolve globally over the next decade. And Alibaba is the company to watch.
The numbers posted by e-commerce giant Alibaba on Singles Day — a holiday created as an antidote to China's Valentine's Day, which has caught on big time — in 2017 are mind-boggling. Alipay, the company's payments system, processed $25B of payments, more than four times what the entire U.S. spent on Black Friday weekend and Cyber Monday in 2016.
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