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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.

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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 […]

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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 […]

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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 […]

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“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 […]

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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 […]

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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 […]

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