Author: Cameron Love
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In Praise of San Francisco
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There’s something that happens when people start declaring the decline of a city. The negative stories pile up, each one feeding into the same narrative. San Francisco is the latest victim of this city-shaming. The idea that “the global tech industry’s center of gravity” needs to be defended against claims that it is too unsafe—or…
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It’s estimated that half of the current American workforce are millennials. As a millennial myself, and for most millennials I know, the stereotypes are certainly overplayed–yet our mastery of technology and collaboration, and an inclination towards independence is undeniable. These facts have brought the adoption of remote or distributed work policies from startup culture to Fortune 100 companies and even…
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The volume and value of capital market investment sales towards the end of 2019 increased from recent quarters, which will significantly impact tenants in San Francisco in 2020. Notable recent transactions include Market Center (555 & 575 Market), 199 Fremont (49% share) and Oceanwide Center, all which traded for over $950/SF. The iconic Transamerica Pyramid is reported to be in…
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A bastion of public technologies companies with robust financial standing and ever-rising market capitalizations, coupled with a widespread startup culture of growth at all costs, converging on a city with a supply constraint and highly regulated development policies has created a perfect storm—turning San Francisco into the most expensive city in the country for office space. Yet, there are signs…
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San Francisco’s commercial real estate market remains on a torrid pace entering the second half of 2019 with another surge of large technology leases and high-growth IPO’s. While vacancy edges to historically low levels, the relentless demand is comprised of an increasingly high number of large block requirements greater than 50,000 square feet. The market’s velocity is consistent across all…
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I am incredibly grateful in my relatively young life for all the opportunities granted to me. I have worked hard to take advantage of those opportunities in order to provide for my wife and future family. By all outward appearances, I had it made. I worked for a global real estate firm, was newly married to the woman of my…