San Francisco Bay Area Consumer Price Index (CPI) Up 4.7% Year over Year
August 5, 2008
For the first time since the dot-com era of 1999-2001, inflation rates in the San Francisco Bay Area have increased at more than a 4.5% annualized rate. Many tenants over the past several years have accepted CPI as the determining factor for annual rent escalations. For several years, the CPI method paid off (assuming a [...]
Read More >>California Unemployment Rate Up 150 Basis Points Year Over Year
August 1, 2008
The latest unemployment numbers for the state of California indicate that the rate has jumped significantly from last year. Last June, the seasonally adjusted unemployment rate in the state was 5.3%, June’s preliminary numbers are 6.9%, up a further 10 basis points from May’s 6.8%.
To put in perspective the unemployment rate cycle in California, below [...]
In San Jose, 45 Means Historic
October 31, 2007
In the city of San Jose, once a building has reached forty-five years of age, then the structure is branded a historic resource. For developers, this rule can present a problem which takes significant monies and time to remedy, either reworking plans to reincorporate the structure or jumping through the hoops needed to get permission [...]
Read More >>