Oracle Looking To Expand Its Pleasanton Footprint
November 14, 2007
Tweet Oracle has submitted a plan to the city to build a 5-story, 181,000 SF office building in Pleasanton. The project is in the Hacienda Business Park near the corner of Owens Drive and Hacienda Drive and is similar in design to nearby buildings Oracle occupies.
Read More >>Rising Rents Allowing Tenant’s To Exit Leases
November 7, 2007
Tweet The local economy has been moving along just fine. Large amounts of venture capital flowing into startups and continuing growth by local companies such as Apple, Google, Cisco, and VMWare have been contributing factors to the rapidly increasing rental rates for office space in Silicon Valley. As company’s grow they might find that their growth plans [...]
Read More >>Speculative Building in San Francisco Returns in a Big Way
October 31, 2007
Tweet For seven years, vacancy and rental rates in San Francisco made it economically infeasible for developers to build new office buildings. With rents up, vacancy rates down, and large blocks of space hard to find, speculative building has returned to San Francisco. There is currently approximately 2M square feet of office space under construction [...]
Read More >>BOMA: The Standard For Measuring Office Space
September 17, 2007
Tweet In most parts of the country, the most common method for measuring office space and determining the gross leasable area is the BOMA (The Building Owners and Managers Association) standard. It is the most commonly used method as it provides Landlord’s with the ability to capture all common areas when calculating rentable square footage. The 1980 standard [...]
Read More >>“Back of the Envelope” Office Construction Prices
September 10, 2007
Tweet Tenants are often amazed at how quickly construction costs for interior build out of offices can add up. Very high end office construction (venture capital, private equity, law firms) is now in excess of $100 a square foot with some jobs moving in on $150 per square foot territory, with office construction for a [...]
Read More >>When To Exercise a Lease Option
September 7, 2007
Tweet Lease options come in many flavors; a tenant can have an option to renew, an option to expand, an option to terminate, or an option to purchase just to name some of the more common options which are negotiated into deals. Options also exist as first rights to negotiate or first rights of refusal. For [...]
Read More >>Disconnect Between Rents and Prices in San Francisco Focus of New York Times Article
September 5, 2007
Tweet The New York Times today published an article outlining not only the dramatic turnover of San Francisco office buildings but the disconnect between current rental rates and prices recently paid for office buildings. According to the article, it is estimated that 75% of San Francisco’s higher end office space has changed hands since the [...]
Read More >>