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Excerpt of Boston Properties Q2 Earnings Call; Touches on San Francisco, Silicon Valley, and Investment Climate

July 24, 2008

Tweet Doug Linde, President of┬áBoston Properties (NYSE:BXP), discussed on their second quarter earnings call the state of the┬ávarious markets they are players in, amongst which are San Francisco and San Jose. He went into additional detail about the investment climate, as well as financing. Things to take away are that San Francisco demand for space […]

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Manhattan Office Vacancy Up; Investment Sales Down

July 2, 2008

Tweet Cushman & Wakefield released its mid-year report on the Manhattan market. Vacancy now sits at 7.1%, up about 180 basis points from this time last year. Rents continued to edge up slightly, but concessions and tenant improvement allowances also crept up, effectively keeping rents flat to slightly down over last quarter. Investment sales fell […]

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National Association of Home Builders/Wells Fargo Sentiment Index Reaches All-Time Low

June 17, 2008

Tweet The NAHB/Wells Fargo Sentiment Index guages the market sentiment of builders of single-family homes. The index has been tracking this data for over twenty years and the data they released yesterday indicates that sentiment is at an all-time low of 18. 50 is the median number, with any number over that indicates that more […]

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Wachovia Issues Report on Commercial Real Estate

June 16, 2008

Tweet Wachovia issued a report earlier this month on the state of commercial real estate. Generally speaking, they are bearish on almost all asset classes. Citing a tight lending market, oil prices, slowing demand, and other factors, the anticipation is that the run up in asset prices will continue the reverse which was initiated over […]

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YoY US and International Investment Sales Down Dramatically in Q1

June 12, 2008

Tweet Though likely not surprising to anybody, year over year investment sales both in the United States and on a worldwide basis are down dramatically. According to a Jones Lang LaSalle (NYSE:JLL) report cited by NREI, first quarter investment sales in the US came in at $39.2 Billion, a number which is down 69% from […]

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UCLA Reports on San Francisco Office Market

June 12, 2008

Tweet According to the Allen Matkins/UCLA Commercial Real Estate Survey, San Francisco rents and occupancy will both fall over the next two to three years. This comes on the heels of several years of rental rate increases and a strong office market. It should be noted that the economic models UCLA has prepared have a […]

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With Office Market Softening, Some Landlords Mull Reducing Asking Rents

June 2, 2008

Tweet After seeing rents continuously rise over the past 24 to 36 months, Tenants are finally beginning to see an easing in rental rates. During the past two quarters, net absorption in the South Bay and Peninsula markets have either been flat or mildly negative. In the Silicon Valley, depending on whose numbers you use, […]

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