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Year End Forecast: 27.5% Vacancy, Rents Down by 23.5%

March 23, 2009

Tweet According to numbers released by ForesightAnalytics, the year-end vacancy forecast for the San Jose market is 27.5%. The report, titled “U.S. Office Market Outlook – This Downturn is Different” assesses the office market in light of the steep job losses. The 27.5% figure reflects a forecasted 10.3% change in vacancy for 2009. More on […]

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Schwab Putting 375,000 SF for Sublease in San Francisco

March 9, 2009

Tweet Charles Schwab (SCHW: 28.28 -0.21%) is putting roughly 375,000 SF up for sublease at One Montgomery according to GlobeSt. Schwab occupies some 1,273,000 square feet in the San Francisco Bay Area, with a supermajority of that concentraded in San Francisco. The 375,000 SF vacancy would represent one of the largest blocks of office space available in […]

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U.S. Office Vacancy Rate Set To Soar

February 19, 2009

Tweet According to REIS, a market research firm, office vacancy rates in the United States are expected to reach 16.7% this year. REIS’s latest market reports indicate an expectation of 17.6% next year, just shy of the 18.7% vacancy reached in 1992. The vacancy rate as of EOY 2008 was 14.5%. REIS also expects rental rates […]

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Yahoo! Set To Introduce 385,000 SF of Vacancy to Santa Clara

January 23, 2009

Tweet Yahoo! (YHOO: 51.04 -0.41%) is reportedly getting ready to vacate a large chunk of Class A office space in Santa Clara, and we’ve heard its at its Mission College Campus located at 2811-2821 Mission College Blvd. The two buildings combine for a total of approximately 385,000 square feet. The effects of the layoffs Yahoo! […]

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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 Venture Capital Association Issues Bleak Report; State of “Crisis”

July 1, 2008

Tweet The National Venture Capital Association (NVCA) just released some numbers for Q2, 2008 and they don’t look good. While venture capital might have seen a bit of a slowdown in the past quarter in Silicon Valley, the number of liquidity events for venture-backed companies has come to a screeching halt. For the first time […]

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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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Cornish & Carey Predicting a Flat 2008

February 22, 2008

Tweet Cornish and Carey held its annual forecast in Santa Clara this week. Along the lines of what I’ve been writing about, they are predicting rental rates to be static for 2008 for office and R&D, and vacancy rates to remain in a similar state. The fact is that there is a large amount of […]

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