From National Real Estate Investor: Echo Boomers seek different lifestyles than their parents, affecting Commercial Real Estate

Echo Boomers, unlike their parents, are flocking to urban locations such as San Francisco, to be close to their work, night life, high end cuisine, the arts, and greater diversity than their parents who chose to move to the suburbs.

This will add demand to the residential real estate markets and also force companies to establish or maintain their commercial real estate presence in urban locales, further reducing commercial availabilities.

Please see here.

From The Registry: "Large working complexes will be pyramids for dead people."

Please see here where Uday Dandavate explains how the office environment is transforming more to an environment where people synergize their personal lives with their professional lives which is reflected in their desired office environments.

Big Dog Holdings / Zynga Places +/- 20,000 Square Feet On The Market

There are several new suites available for lease at 650 Townsend Street, home to owner-user Zynga, that recently hit the market.

After spending $228 million, Zynga may have enough space to lease of its own.

I will report back whether or not Zynga places more space on the market in this building, a sign of their future stability and as some wonder, the first shoe to drop with some tech firms who may be struggling.

From SFGate: How A Startup With No Revenue Can Be Worth A Billion Dollars

This article is very appropriate in the San Francisco commercial real estate community as there are hundreds of companies, if not more, leasing space in the City with this same financial situation.

Landlord's need to balance their financial risk with waiting for a profitable company to make an offer - not an easy task.

Concern #1: what is companies like Zynga, Salesforce, Dropbox, and others stop receiving VC money?  Will millions of square feet of office space then hit the market, either as a sublease or direct?

The answer lies in one place - ask me for the answer.

New Exclusive For Sale Listing: Introducing 819 Ellis Street, San Francisco, CA

This property is steps from the Van Ness Corridor which is experiencing a revitalization as new residential development is occurring, the new Cal Pacific hospital will be transformed, and more.

If you have questions about this 28,800 rentable square foot property, please don't hesitate to contact me or Gary Cohen.

The Gedymin Report - Q1 2013 Newsletter Is Here!

Please click here for my newly re-designed quarterly newsletter which provides readers with market statistics, research, trends, venture-capital investment information, lending rates, and much more.

TRI Commercial's Q1 2013 Market Report is Here!

Please click here for the first quarter 2013 newsletter which TRI's research department has recently completed.