Thursday, April 19, 2012

The Gedymin Report Q1 2012 Newsletter Is Available

My quarterly newsletter is now available here.

Inside are trends, a forecast, regional updates, research, and other important items anyone with a San Francisco real estate requirement will benefit from.

Enjoy!

TRI's First Quarter Market Report Is Now Available!

Click here for research, news, trends, and completed transactions for the first quarter in San Francisco's commercial real estate community.

Deal to Announce: Welcome Taulia Inc. to 420 Taylor Street!

This three-time client found an AMAZING top floor sublease with a roof deck, polished concrete floor, exposed concrete ceiling, new fixtures, new kitchenette, windows throughout, glass offices, and more!

This location is proximate to BART and next door to both the Hilton and Cliift Hotel - the old SF charm is still alive out there!

Congrats and welcome to your new space!

Deal to Announce: Welcome Blueprint Studios to 1315 Carroll Avenue!

My associate Scott Vix and I completed a lease for an industrial property on behalf of our long-term client.  BPS needed a permitted spray booth and this building was ideal for their use.

We look forward to helping with unique requirement such as this and welcome your calls.

Thursday, March 15, 2012

Deal to Announce: Welcome Paragon Legal to 601 California St.!

Congrats. to another repeat client for their Downtown San Francisco office lease!  The space is amazing - they did a wonderful job with paint, carpet, and furniture.

Please contact me with your office leasing requirement as I am very active in the Financial District.

Deal to Announce: Welcome Fattext to 594 Howard Street!

I am pleased to announce a third successfully completed transaction on behalf of this client.

After trying to renew at their current location near Caltrain, we found a space at Howard Street and Second Street for OVER TEN DOLLARS PER RENTABLE SQUARE FOOT PER YEAR LESS.

The craziness is here and in full effect - having the correct broker represent you and show you well-priced spaces is more imperative now than before.

South of Market office space is available but some owners have a higher cost basis and require high rent.  Please call me to discuss.

Wednesday, March 7, 2012

State of the Market as of March 7, 2012 Part II

Salesforce.com has decided not to develop their Mission Bay campus which will subsequently add approximately 2 million square feet of office demand to the City.

Landlords are pushing rents up as the demand is outpacing supply.

For more specific information, please see the S.F. Business Times' article this past week regarding the tech firms gobbling up space in the City.

Also of note, Zynga moved forward with their option to purchase 650 Townsend Street which signals further concern for tenants that ample space at reasonable rates is diminishing.