Tag: Palo Alto

What’s happening with the Palo Alto Facebook buildings after Facebook moves to Menlo Park? My answer on Quora

| December 15, 2011 | 0 Comments

1601 California will eventually be demolished by the owner, Stanford University, to make room for new residential development. It may be leased by another company, but commercial use would only be permitted to the end of 2013 Facebook is subleasing their other Palo Alto facility (1050 Page Mill) from Beckman Instruments. I believe that Facebook […]

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Monthly update on some key submarkets

| December 8, 2011 | 1 Comment

Our research team has just released updates on a few key Peninsula submarkets. These reports are available via the links below. I’ve commented previously on the trends in Downtown Palo Alto  and how I find declining value in tracking the short term changes there.   Really nothing surprising or new in our latest report. I have […]

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Big deals driving the market

| October 25, 2011 | 2 Comments
Big deals driving the market

Last week at a company-wide meeting, my colleague Jim Beeger pulled out a tidbit of market information that I found very compelling, and in keeping with something I’ve commented on here previously.   Jim identified six different cities around Silicon Valley in which over half of year-to-date Gross Absorption (total leasing activity within a market area) […]

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3rd Quarter stats– a preview

| October 4, 2011 | 0 Comments

In the process of reviewing market statistics for our 3rd Quarter report, which I will begin writing shortly. A quick preview: The Office vacancy rate for San Mateo County closed 3Q at 13.9%, down slightly from the previous quarters 14.3%. Gross Absorption for the quarter was a respectable 1.16M SF. Year to date, Office rents […]

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Downtown Palo Alto office market climbing the Hill?

| September 23, 2011 | 2 Comments

A recent study from another brokerage has received a good deal of attention around the local market.   JLL’s rating of the most expensive streets in North America, as one would expect, includes a hearty dose of Bay Area addresses.  Top of the list, to the surprise of none, is Menlo Park’s Sand Hill Road.  Sand […]

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