The Tech Boom Is Having Lasting Impacts
On Silicon Valley Office
Silicon Valley's tech boom is pushing office to a whole new level. Quality space is in high demand and many tech companies are willing to spend big bucks to keep their employees happy. Tech companies are leasing more space than in the past, taking whole buildings and large floor plates.
“I've never seen a time like this,” Sares Regis Group of Northern California President Jeff Birdwell said during the recent Bisnow Silicon Valley State of Office event. “The dot-com boom was something … It came and a few people did…
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Small Office Users Create Big Opportunities In Silicon Valley
Even though Silicon Valley developers are building larger floor plates than in the past, small tenants are presenting significant opportunities across the Valley.
“There is another story to the office market in the Valley and that's the smaller startup and professional…
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Developer Invokes SB 35 To Push Forward Controversial Development In Cupertino
A Silicon Valley developer is hoping to use a new law to get a long-stalled and controversial redevelopment off the ground. Sand Hill Property Co. has submitted new plans for its proposed redevelopment of Vallco Shopping Mall in Cupertino under SB 35,…
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Rents In These West Coast Cities Have Gone Up By Nearly 50% Since 2010
The Bay Area's largest metros have had the highest multifamily rent growth since the beginning of the cycle compared to all other U.S. metros. Data from RealPage indicates San Jose's rents jumped the most, increasing 52.4% since 2010. Oakland's rents grew 51.1% and San Francisco's rents are up 48.6% in the same time period.
Four other West Coast metros posted rent growth in the 40% range, with Denver, Portland, Seattle and Sacramento rounding out the top seven rent-growth leaders in the country. Comparatively, U.S. apartment rent growth averaged 28.5% since 2010.
“These are attractive living environments,” RealPage Chief Economist Greg Willett said. “These are pretty solid economies relative to some other places and some of these have really solid economic growth and job production.”
San Francisco's average rents as of Q4…
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San Jose Will Become Bay Area's First U.S. LEED-Certified City
San Jose has become one of the first U.S. cities to participate in the U.S. Green Building Council's LEED for Cities certification program. LEED for Cities allows cities and local governments to track citywide sustainability performance. It takes into account…
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RealPage Chief Economist: Multifamily Completions 'Likely To Modestly Surpass Product Absorption In 2018'
The U.S. apartment market's performance stumbled during Q1, with occupancy sliding to 94.5% in March, down from 95% a year earlier, according to data by real estate tech and analytics firm RealPage.
Rent growth cooled as well, coming in at a 2.3% increase year over year, the company said. That is the slowest pace of increase since the market started its long run of prosperity in 2010. “While economic and demographic influences [regarding] demand capacity point to a strong appetite for apartments during this year's prime leasing season, completions appear likely to modestly surpass product absorption in 2018," RealPage Chief Economist Greg Willett said.
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The Business Case For Hiding Your Building's Coolest Features
Not since Scooby-Doo or The Haunted Mansion at Disney World have hidden spaces been so cool.
All around the country, bars, retailers and other businesses are incorporating architectural elements that lead to concealed passageways.
A coffee shop in Charlotte, North Carolina, has a bookshelf along the wall that, when the proper book is selected, opens a hidden door to an apparel company. An architecture and design firm in Denver uses a secret bar to test out furniture, lighting and other design elements for its clients. A San Francisco theater has created a Prohibition-era experience for its customers, including hidden passageways and rooms.
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8 Things You Need To Know About The Real Estate Retreat Redefining Dealmaking
Once a year, a carefully curated group of commercial real estate's best and brightest converge to build bonds, share experiences and explore conversations beyond the industry.
Welcome to Escape.
What began as an answer to the lack of networking platforms…
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