From SF Business Times: $100 PSF/YR rents approaching again?

Yes, rents are rising but most companies will never pay $100 / foot.  Someone in San Francisco may break current commercial real estate office leasing rates by inking a high priced deal in the Ferry Building.

For the right user, the space is one of a kind and cannot be replicated.  View here.

From SF Business Times: Speculative Development in San Francisco Underway

The San Francisco Business Times has an informative article in today's edition explaining why developers are constructing new office buildings here in San Francisco without anchor tenants in tow.

Please note their quotes referencing where we currently are in comparison to the 2007 and 2000 real estate cycles.

Article here.

From LoopNet - Moscone Expansion One Step Closer

Please see this link which explains how the Moscone Center expansion took one step forward towards becoming a reality.

The upside for construction jobs, City revenue, hotel income and more seems high.

Shared SF Office Space, Ideal for Tech Firms

My cousin has office space for lease South of Market - please visit http://sfbay.craigslist.org/sfc/off/3604275237.html

Please let them know you heard it from me!

TRI Commercial Top 15 2012

I was recently honored as one of TRI Commercial's top producers for 2012 - an exciting professional accomplishment!

New Hope for Arts Community in MidMa San Francisco

One of my favorite business colleagues, Elvin Padilla of the Tenderloin Economic Development Project, provided a recent update that indicates arts uses are being considered for a MidMa development site at 950 Market Street.

Having represented several owners and tenants in this part of San Francisco, I see the advantages of including the arts community in this rapidly-changing district.  If only services non-profits, tech firms, and the upwardly mobile tech workers who will be residing in MidMa are the only new additions to the region, then yet another SF neighborhood will suffer tragic gentrification. 

Please see Elvin's update at http://nomnic.org/2013/02/major-victory-for-tenderloin-community-advocacy-on-950-project/

Why do tech companies want to be in Northern California?

Tech firms find the Bay Area most ideal for locating their business for several reasons but one main reason is the M&A market.

Please see an article by CB Insights explaining more at http://www.cbinsights.com/blog/acquisitions/tech-mergers-acquisitions-deals-2012-report

Q4 2012 TRI Commercial Market Report

Please see the below link for TRI's 4th quarter market report.

https://docs.google.com/file/d/0B2t3moAZc2nyTlNhUnRrNTY1MVE/edit?usp=sharing

The Gedymin Report - Q4 Commercial Real Estate News & Information

Please review my quarterly newsletter for facts, information, trends, and more pertaining to the Bay Area commercial real estate market.

You will read about vacancy, rental rates, investment news, venture capital spending, and much more.

Please visit https://docs.google.com/file/d/0B2t3moAZc2nybTEzUUpUMVN3Nzg/edit?usp=sharing

Downtown SF Sublease - mix of offices, conference rooms, etc.

My colleague Cal Nakanishi has a long term client that is looking to sublease their space at 115 Sansome Street.

Please see https://docs.google.com/file/d/0B2t3moAZc2nyRnpBQkhfUUZqeGs/edit?usp=sharing

or feel free to contact me with more information.