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Demand for office space in San Francisco and the West Coast remains high and vacant office space is leasing up quickly. Many developers with older office stock are putting more money toward tenant improvements to compete with the nearly 3M SF of office space hitting San Francisco's market within the next two years. Check out the latest leasing activity of some of the largest public real estate companies in the Bay Area and on the West Coast. Kilroy Realty Trust
Kilroy Realty has made substantial progress on leasing up its under-construction developments during 2017. Kilroy's net operating income increased 10.7% during Q2 to $128.8M (compared to $116.3M in the year-ago quarter) due to an increase in rental income of $1.1M.…
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Bay Area Multifamily Markets May Have Peaked. Time To Sell, Ten-X Says
San Francisco, Oakland and San Jose are ideal markets to sell multifamily assets, according to the latest findings from Ten-X. These major Bay Area markets have received additional supply, which has pushed up vacancies. Rents also may have peaked, leaving…
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How One Small Bay Area Town Is Resisting More Housing
Brisbane City Council has pushed back its vote over what would be the city's largest development project to the end of August. The controversial proposal from Universal Paragon would add 4,400 units of much-needed housing to the region. The problem is…
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Law Firm Buys Private Jet As Cheap Alternative To Leasing Silicon Valley Office Space
A Texas law firm has found an inventive and lucrative way around Silicon Valley's astronomical commercial real estate prices: a private jet. In what is surely one of the most original ways to reduce occupancy cost, Houston-based law firm Patterson + Sheridan bought…
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Hard Data That Opening A Physical Store Drives Online Traffic For RetailersA U.K. REIT has produced some of the first hard data showing how opening a physical store increases online traffic for retailers. |
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Will Headwinds In China Keep Investors From Pouring Billions Into U.S. Real Estate?China is one of the largest foreign investors in U.S. commercial real estate, having poured about $12.5B into U.S. property markets in 2016. But headwinds in the country — from the depreciation of its currency to the government's recent crackdown on capital leaving the country — have some industry professionals questioning China's future position as a global power buyer. Though the Chinese renminbi dropped 13% compared to the U.S. dollar from 2013 to 2016, resulting in more aggressive U.S. acquisitions, Colliers International foresees the depreciation of the RMB slowing this year, turning capital flows back toward Asian markets. |
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