This entry was posted in Commercial Real Estate on May 15, 2014 by ivycommeblog.
For the second year in a row, the Bay Area ranked as the best market for commercial real estate in the country, according to a report from the Wells Fargo Economics Group.
The report found that the Bay Area’s strong gains in employment, housing inventory and technology sector push the Bay Area far ahead of other markets in terms of increasing value and potential for more growth.
The report demonstrates the tight relationship between jobs and real estate, pointing to deals like Salesforce.comleasing 714,000 square feet in an office tower under construction. That tower will eventually house thousands of jobs, many of them yet to be created, and Salesforce is just one of numerous tech companies expanding in the Bay Area.
Some industries like financial services are shrinking like in the case of San Francisco-basedCharles Schwab & Co. deciding to move 1,000 jobs out of San Francisco to places like Colorado and Texas.
This entry was posted in Commercial Real Estate on May 7, 2014 by ivycommeblog.