| Tenant | Address | Sq Ft |
| WeWork | 430 California | 279,000 |
| 2 Harrison | 57,000 | |
| Pattern Energy | 1088-1090 Sansome | 52,000 |
| Meltwater | Ferry Building | 45,000 |
| Hall Capital Ptnrs | 1 Maritime | 44,000 |
SAN MATEO COUNTY
| Tenant | Address | Sq Ft |
| Guidewire Soft. | 2850 S. Delaware. Bay Meadows | 188,000 |
| Zazzle | 1800 Seaport. Pacific Shores | 29,000 |
| – | 1400 Seaport | 22,000 |
| – | 111 Anza, Burlingame | 14,000 |
| – | 4040 Campbell | 11,000 |
EAST BAY COUNTIES (Alameda/Contra Costa)
| Tenant | Address | Sq Ft |
| Cerus Corp | 1220 Concord, Airport Plaza | 65,000 |
| – | 3100 San Pablo, Emeryville | 49,000 |
| Adamas Pharma | 1900 Powell, Emeryville | 39,000 |
| – | 3003 Oak Road | 28,000 |
| – | 1100 San Leandro, Creekside Plaza | 24,000 |
- Free preliminary office lease and operating expense review;
- Free consultation to discuss project management, Team formation and project schedule;
- Market surveys and our specific tenant-driven leasing recommendations ; and
- Assistance in selection and coordination of all Team members throughout planning and negotiation phases.
The top companies controlling the most space available are NOT landlords….Rather, they are office leasing brokerage firms acting with the landlord’s interest in mind. They are:
CBRE
JLL
Cushman & Wakefield
Colliers
Newmark, Cornish & Carey
Since their allegiance is committed to so many landlords, how can they possibly represent YOUR interests—the tenant’s interests—objectively and aggressively?
1Q 2018 Office Market Performance
San Francisco, aka Camelot:
- 12.5 M square feet available (direct + sublease).
- 1,350,000 sf of available space came on the market during the past 30 days.
- 10.2% total inventory is available
- 5.6M sf under construction (will add 5% to total inventory).
- Market size 119M sf
- Total Net Absorption, Q1: 1.7M sf.
- Total leasing activity at 2.7M sf = lowest in 6 quarters.
- Subleasing activity at 450k sf = lowest in 14 quarters.
- Direct activity at 2.2M sf = lowest in 5 quarters.
- 2017 Year-End Net Absorption: <617,000 sf>
San Mateo County:
- 6.4 M square feet available (direct + sublease).
- 11.6% total available
- 3.5M sf under construction (will add 7% to total inventory).
- Market size 51.8M sf
- Total Net Absorption, Q1: 271,000 sf.
- Direct and sublease deal activity was lowest in 8 years.
- 2017 Year-End Net Absorption: 820,000 sf.
Alameda/Contra Costa Counties:
- 13 M square feet available (direct + sublease)
- 11.5% total available
- 1.8M sf under construction (will add <2% to total inventory).
- Market size 111M sf
- Total Net Absorption, Q1: 656,000 sf
- Direct and sublease deal activity was lowest in 8 years.
- 2017 Year-End Net Absorption: <1,058,000 sf>
After reading through this Market Editorial, please see our collection of educational articles we’ve written for our tenant community.
Try it FREE. Griddig improves the entire industry’s performance. Join Landlords, Tenants, Brokers and Service Providers in the LIVE MARKETPLACE and start your next deal today.
We believe that representing tenants – and only tenants – is a noble cause, our specialty for over thirty years. We greatly appreciate our clients’ confidence and kind words about us, our level of advocacy and enthusiasm to negotiate aggressively ….. and mind the details while guiding the leasing process. Thank you!
505 Montgomery Street, Suite 1100
San Francisco, CA 94111
C: 415-999-9244
T: @MihalovichCRE
E: dan@TheSpacePlace.net
W: www.TheSpacePlace.net
License # 01376000