Coherence

There are signs of life in the Bay Area economy. - That is what an article in the SF Business Times is saying this week. It is true that there is good news around if you are looking for it. Does this indicate simply a short-lived uptick in the economy (there were several during the Great Depressi...

Chuck is cutting back its space usage here in San Francisco. Apparently with all of the economic woes they are trying to tighten their belts. They will still have more than 600,000 sf in the Financial District after they sublease all of their 375,000 sf at One Montgomery. The commercial office ma...

Mayor Newsome announced a stimulus plan for San Francisco in order to jumpstart the local stagnant economy. This comes on the heals of the Federal bailout plan that Obama, the Senate and the House are finalizing details on. The local plan will focus on items such as eliminating payroll tax for co...

It seems that the vortex formerly known as our economy is sucking even more jobs, houses, companies, and entire industries into oblivion. Today news sources talked about Motorola laying off 4,000 jobs, Autodesk laying off 750 jobs, major banks back begging in Washington, Foreclosures increasing, ...

New statistics coming out for the fourth quarter of 2008 show what we all have been seeing and feeling: vacancy rates are increasing pretty rapidly. In fact a new report says that the downtown financial district vacancy rate currently stands at just over 18%. (Read the article about the report he...

So much went wrong last year with the economy. Many are cautiously hopeful that 2009 will be a better year. The stock market (as of my writing) is up 1.75% today marking a two week high in spite of terrible retail numbers from one of the worst Christmas shopping seasons on record. Additionally, n...

Commercial Real Estate Brokers are quite aware of how few transactions are occurring in the current marketplace. We feel it in our own pocketbooks. As much as it hurts brokers financially, it may be that we are coming into an extraordinary situation. What is happening in the commercial leasing ma...

The New York Times has a very interesting and important article regarding what is happening on the commercial side of the foreclosure crisis. Check out this link: NYTIMES ARTICLE   Office Space San Francisco

Being a broker in this current economy keeps me on my toes. Office lease rates are moving pretty quickly (down that is). In some cases, rates have dropped quickly enough that tenants will start negotiations at one price and then come back with a lower number as they hear of other deals that come ...

It became public knowledge a few years ago that there was a movement to get free public Wi-Fi all over San Francisco. Apparently EarthLink and Google both tried to make it a reality. However, there were many snags having to do with financing and city politics that derailed both attempts. A local ...