In a very well written article by J.K. Dineen of the San Francisco Business Times (with quoted information from the very smart research people at my firm, Jones Lang LaSalle), it is shown that the red hot South of Market neighborhood has a vacancy rate sitting at 3.3%. This number is the lowest since 1988, [...]
As was rumored, the PAC 12 has made it official and leased 70k square feet of office space at 370 Third Street in San Francisco. the San Francisco Business Times has the full details on this news in the article linked to below. I have toured four clients through this property in the last 12 [...]
I shot the attached picture on my way into work this morning. The building is One Front Street, which is where my office is, almost dead-center middle of downtown, sitting on Market Street. Great location for being able to get all around the Financial District, South of Market, and North into Jackson Square quickly. More [...]
Are you a smart tech startup looking for office space in San Francisco? I recently moved a very cool European technology company in the fitness industry into 965 Mission Street and they have some desks they would like to fill ahead of future expected growth. See below for their Craigslist ad and some pictures of [...]
According to the article from the San Francisco Business Times linked to below, 555 California Street has signed 325,000 sqft of new or renewal leases in the past 18 months. It is seen as a resurgence of sorts for what has been the traditional center of our financial district. Recently of course attention has shifted [...]
(Via the RocketSpace Blog) Last week, the Europas, the annual European Tech Startup Awards took place in London. The competition had over 400 entries from the best tech startups in Europe, with awards in 20 categories. Among the winners, RocketSpace startup Podio, took home the award for “Best Business or Enterprise Startup”. Based in Copenhagen, [...]
According to the San Francisco Business Times article linked to below, Pillsbury has finalized its real estate decision and will be vacating 50 Fremont at the end of 2012, and moving into 108K Sqft at 4 Embarcadero Center. Source Article Here
September has shown a continuation of what we have been experiencing in San Francisco recently. Buildings are being listed for sale with expected future rental pricing increases, buyers are willing to buy based on those expected pricing increases, and tenants have followed suit by signing leases at higher starting rents. The topic of discussion with [...]
The trends we have been experiencing in 2011 have carried into August. We are starting to see some actual transactions closing at or above pre-recession pricing South of Market, with continuing upward pricing pressures in the Financial District as well. There are certainly some good opportunities for tenants still to find value in a relocation, [...]
The market activity has increased dramatically in both sales and leasing categories during the month of July. Clearly asking rents and taking rents are increasing in the leasing markets, with significant tenants taking down large chunks of space. On the capital markets side, there appears still to be money to place as several well known [...]