Posts by Bay Area Team

Bay Area Market Shows No Signs of Slowing Down

Bay Area Team on May 09, 2019

The Bay area commercial real estate market in 2019 continues white hot with no obvious signs of slowing down, which is crazy. Over the entire region, there are certain submarkets outperforming and others marginally underperforming. Tech is still the primary driver, and while tech is increasingly willing to look to East Bay alternatives in order to find “value,” for the most part they are unwilling to look north across the Golden Gate Bridge where lower rents can still be found. Credit Karma is the latest example of looking east, with a new lease in Oakland for 106,000 SF and plans to still maintain their headquarters in the city. For this market report, we are going to focus in the city.