|
Silicon Office Vacancy Rate Hits 21% in 3rd Quarter 2023 10/03/23 This report provided by real estate services firm Kidder Mathews
MARKET HIGHLIGHTS
• The availability rate increased to 21%
• Asking lease rates decreased to $4.48/sf FS
• Sale volume dropped to 85.1k sf
• Total net absor...
|
High Barriers to Homeownership is Boosting Demand for High-End Apartments 8/21/23 This report provided by Institutional Property Advisors (IPA)
Institutional Property Advisors (IPA), a division of Marcus & Millichap, has released its Class A Multifamily Outlook Midyear 2023 special report. The firm shared...
|
BKM Capital Partners and StepStone Real Estate Form Venture to Invest in Light-Industrial and Logistics Properties 8/04/23 BKM Capital Partners (BKM) and StepStone Real Estate (SRE) have formed an investment partnership focused on acquiring light-industrial and multi-use logistics properties in the Western United States. SRE is the real estate ar...
|
San Francisco Office Vacancies Continue to Reach New Heights 7/05/23 This report was provided by real estate services firm Kidder Mathews
MARKET HIGHLIGHTS
Total Vacancy climbs to 26.8%
Sublease Vacancy increased by 80 bps quarter-over-quarter to 5.8%.
There is a large discrepancy between pr...
|
Prologis to Acquire 14 msf of Industrial Properties from Blackstone Entity 6/27/23 Prologis has reached an agreement to acquire nearly 14 msf of industrial properties from opportunistic real estate funds affiliated with Blackstone for $3.1 bil, funded by cash. The acquisition price represents an approximate...
|
Bay Area Life Science Development Pipeline Normalizes 5/19/23 This report provided by real estate services firm JLL
Life sciences under development inventory in the Bay Area normalizes after a period of hypergrowth
• The development inventory of life science (laboratory with office) ...
|
Mark IV Capital Looking to Grow Its Industrial Presence in Five States 5/08/23 Mark IV Capital, a private investment firm with a nearly 50-year history of commercial real estate investment and development, as well as venture capital, is expanding its C-suite to grow its industrial and mixed-use developm...
|
Office Users Continue to Struggle with Higher Costs, Tight Labor and Supply Chains when Fitting Out Space 5/04/23 This report provided by real estate services firm Cushman & Wakefield
Cushman & Wakefield released its 2023 Fit Out Cost Guide for office markets, finding that supply chain constraints, inflationary pressures and increased l...
|
Sacramento Industrial Market Showing Signs of Slowing 4/17/23 This report provided by real estate services firm Kidder Mathews
MARKET HIGHLIGHTS
• Average asking lease rates are $0.80/SF.
• Direct vacancy rates increased YOY from 3.5% to 4.4%.
• Sales transactions decreased by 22.7% Y...
|
Industrial Construction Costs Ease Slightly but Remain Elevated 2/03/23 This report was provided by real estate services firm Cushman & Wakefield
Cushman & Wakefield has launched its North American Industrial Costs Guide, showing that pandemic-related supply chain constraints, which helped drive...
|
Inflation, Experiential Real Estate and Alternative Sectors, Friend-Shoring and Metaverse Among 10 Global Trends to Watch in 2023 2/01/23 This report was provided by real estate services firm Avison Young
Avison Young has released its global 10 Trends for 2023 – exploring dominant themes and emerging trends that are influencing commercial real estate around t...
|
San Francisco Bay Area Residents Demand Tech-Enabled Solutions at Multifamily Properties 1/26/23 San Francisco Bay Area multifamily landlords and property managers have been adopting technology-enabled solutions to accept, manage, and safely secure incoming packages at multifamily properties. ButterflyMX, a leading provi...
|
Commercial Real Estate Financing Briefs 1/17/23 IBORROW – iBorrow has provided a refi loan of $17.38 mil on two mid-renovation multifamily communities located in Southern California. The bridge loan will be used to refinance the borrower’s existing debt, while also providi...
|
Sacramento Office Market Ends Year with Rates and Vacancies on the Rise 1/06/23 This report provided by real estate services firm Kidder Mathews
Sacramento Office Hit Hard by Economic Downturn
Market Highlights
• Asking lease rates have increased to $2.18/SF.
• Direct net absorption increased to 102,8...
|
Despite Record New Supply, National Industrial Vacancy Dips Below 4% 12/28/22 This report provided by CommercialEdge
The industrial sector's expansion remained on track as high demand for industrial space continued to drive brisk rent increases. Meanwhile, Southern California's industrial rent growth ...
|
Commercial Real Estate Financing Briefs 12/27/22 Sonnenblick-Eichner Company -- Sonnenblick-Eichner Company arranged $22 mil of non-recourse first mortgage financing for the leasehold interest in the Doubletree by Hilton Los Angeles-Commerce, a 201-room hotel located in the...
|
SIOR Northern California Chapter Names 2023 Board 12/23/22 The Northern California chapter of Society of Industrial and Office Realtors® (SIOR) has named its board for 2023.
Michael Carrigg, SIOR, Colliers/Pleasanton, will serve as the chapter’s president for the year; Ethan Smith,...
|
Burrell Aviation to Market National Portfolio of On-Airfield Build-to-Suit Development Sites at Strategic Airports Across the U.S 12/20/22 Burrell Aviation LLC has awarded Cushman & Wakefield the marketing assignment for a significant portfolio of airport properties suitable for near-term development for a variety of aviation related business. The portfolio repr...
|
New Survey Reveals that Employees Want the Office to Be a Place to Get Work Done, Not Just Connect 12/13/22 This report was provided by global architecture, design, and planning firm Gensler
The latest Workplace Survey from the Gensler Research Institute, released this month, December 2022, details how employees are spending their...
|
San Francisco Office Market Still Struggling to Gain Traction 11/04/22 San Francisco Office Market - 3rd Quarter 2022 Review
This report provided by real estate services form Kidder Mathews
Market Drivers
After another consecutive quarter of negative net absorption, the San Francisco Office m...
|