Calco Commercial Real Estate has listed 238 Capp Street for lease. This 4,034+/- concrete Inner Mission space consists of 3,220+/- square feet of ground floor warehouse with one (1) large drive-in loading door and 15′ ceilings, and 814+/- square feet of second floor office/creative space.

238 Capp Street is leasing for $7,950.00 per month. The second floor office area can be leased separately at $2,685.00 per month. This property is located in close proximity to the vibrant Valencia Street corridor, a multitude of shops, restaurants and BART.

For more information regarding Capp Street, our other listings, or market conditions, call our office at 415.970.0000.

Capp Office Space Rental (9) Sml_forweb

Capp Office Space Rental (30) Sml_for web

After representing the Buyer in the sale of the 321-323 Allerton Avenue property in South San Francisco in April, Calco Commercial Real Estate is now marketing the property for Lease. The 10,000+/- commercial office building can be divided to two (2) units, boasts a new roof & HVAC. The property includes on-site private parking for 42 cars. The Owner can provide build-to-suit interior.

For more information on this listing or Calco’s other available properties, call 415.970.0000.

rendering for web

Two developers think big in SoMa: Plans to add 1 million square feet of office space

Blanca Torres
Reporter-
San Francisco Business Times
source: www.bizjournals.com/sanfrancisco

CIM Group and SKS Partners are each looking to build SoMa highrise office towers that could add 1 million square feet in total to San Francisco’s hot office development pipeline.
Both projects fall under the Western SoMa Plan, a set of development guidelines adopted in late 2012 that allow for taller buildings in the neighborhood.

These are the proposals:

San Francisco-based SKS Partners submitted an early plan to the city’s planning department for a 160-foot tall, 688,000-square-foot office building at 610 and 620 Brannan St. The site was previously controlled by Zappettini Properties, a firm that wanted to build a 567,000-square-foot office building on the southeastern corner of the San Francisco Flower Mart. The property partially contains a surface parking lot and smaller buildings occupied by flower market tenants. The parcels together represent less than 10 percent of the Flower Mart facilities.
Los Angeles-based CIM Group plans to demolish an existing, 60,000-square-foot building at 330 Townsend St. and replace it with a 21-story tower that would consist of 383,000 square feet of retail and office with a two-story galleria. The developer bought the brick Townsend building in April of 2013 for an estimated $30 million. At the time, the property was 98 percent leased, but CIM was already looking at its redevelopment potential, stating that the property was zoned for much more space and sits across the street from the Caltrain Station and one block from the Central Subway transit line that is under construction.

The proposals come at a time when San Francisco already has a pipeline of 5.5 million square feet under construction and more than 14 million square feet of office at different phases of the approval pipeline, according to CBRE.
Of the current pipeline, not all of that will get built any time soon as development is subject to Prop. M, a city law that caps the amount of office that can be approved for construction each year. Currently, there is a little more than 2 million square feet available.
Developers are motivated by ballooning office rents in San Francisco, which have doubled in some buildings in the last few years, and the phenomenon of tenants leasing up huge blocks of space in new buildings years before they are completed. The biggest example is Salesforce.com leasing 714,000 square or about half of the 1.4 million-square-foot Transbay office tower. Other early tenants who recently took big leases include Trulia, Macys.com, DropBox, Twitter, Eventbrite and Neustar.

From The CoStar Industrial Report – First Quarter 2014 – San Francisco Industrial Market

source: www.costar.com

The San Francisco Industrial market ended the first quarter 2014 with a vacancy rate of 5.8%. The vacancy rate was down over the previous quarter, with net absorption totaling positive 108,263 square feet in the first quarter. Vacant sublease space increased in the quarter, ending the quarter at 240,425 square feet. Rental rates ended the first quarter at $14.46, an increase over the previous quarter. There were no properties under construction at the end of the quarter.

Absorption
Net absorption for the overall San Francisco Industrial market was positive 108,263 square feet in the first quarter 2014. That compares to positive 542,155 square feet in the fourth quarter 2013, positive 197,735 square feet in the third quarter 2013, and positive 538,685 square feet in the second quarter 2013.

The Flex building market recorded net absorption of positive 952 square feet in the first quarter 2014, compared to positive 119,671 square feet in the fourth quarter 2013, positive 285,841 in the third quarter 2013, and positive 121,298 in the second quarter 2013.
The Warehouse building market recorded net absorption of positive 107,311 square feet in the first quarter 2014 compared to positive 422,484 square feet in the fourth quarter 2013, negative (88,106) in the third quarter 2013, and positive 417,387 in the second quarter 2013.

Vacancy
The Industrial vacancy rate in the San Francisco market area decreased to 5.8% at the end of the first quarter 2014. The vacancy rate was 6.0% at the end of the fourth quarter 2013, 6.6% at the end of the third quarter 2013, and 6.9% at the end of the second quarter 2013.
Flex projects remained at a vacancy rate of 9.2% at the end of the first quarter 2014 compared to the previous quarter, and9.7% at the end of the third quarter 2013, and 11.1% at the end of the second quarter 2013.

Warehouse projects reported a vacancy rate of 4.7% at the end of the first quarter 2014, 5.0% at the end of fourth quarter 2013, 5.6% at the end of the third quarter 2013, and 5.5% at the end of the second quarter 2013.

Sublease Vacancy
The amount of vacant sublease space in the San Francisco market increased to 240,425 square feet by the end of the first quarter 2014, from 147,837 square feet at the end of the fourth quarter 2013. There was 222,073 square feet vacant at the end of the third quarter 2013 and 172,968 square feet at the end of the second quarter 2013

San Francisco’s Flex projects reported vacant sublease space of 135,533 square feet at the end of first quarter 2014, up from the 129,587 square feet reported at the end of the fourth quarter 2013. There were 136,326 square feet of sublease space vacant at the end of the third quarter 2013, and 142,503 square feet at the end of the second quarter 2013.

Warehouse projects reported increased vacant sublease space from the fourth quarter 2013 to the first quarter 2014. Sublease vacancy went from 18,250 square feet to 104,892 square feet during that time. There was 85,747 square feet at the end of the third quarter 2013, and 30,465 square feet at the end of the second quarter 2013.

Rental Rates
The average quoted asking rental rate for available Industrial space was $14.46 per square foot per year at the end of the first quarter 2014 in the San Francisco market area. This represented a 0.3% increase in quoted rental rates from the end of the fourth quarter 2013, when rents were reported at $14.42 per square foot.

The average quoted rate within the Flex sector was $23.01 per square foot at the end of the first quarter 2014, while Warehouse rates stood at $10.86. At the end of the fourth quarter 2013, Flex rates were $22.75 per square foot, and Warehouse rates were $10.87.

Deliveries and Construction
During the first quarter 2014, no new space was completed in the San Francisco market area. This compares to one building totaling 36,000 square feet that was completed in the fourth quarter 2013, nothing completed in the third quarter 2013, and 189,000 square feet in one building completed in the second quarter 2013.

There was no Industrial space under construction at the end of the first quarter 2014.

Inventory
Total Industrial inventory in the San Francisco market area amounted to 94,885,548 square feet in 4,857 buildings as of the end of the first quarter 2014. The Flex sector consisted of 23,355,194 square feet in 783 projects. The Warehouse sector consisted of 71,530,354 square feet in 4,074 buildings. Within the Industrial market there were 491 owner-occupied buildings accounting for 12,246,466 square feet of Industrial space.

Sales Activity
Tallying industrial building sales of 15,000 square feet or larger, San Francisco industrial sales figures rose during the fourth quarter 2013 in terms of dollar volume compared to the third quarter of 2013.

In the fourth quarter, 11 industrial transactions closed with a total volume of $76,215,000. The 11 buildings totaled 460,604 square feet and the average price per square foot equated to$165.47 per square foot. That compares to five transactions totaling $20,112,500 in the third quarter. The total square footage was 125,936 for an average price per square foot of $159.70.

Total year-to-date industrial building sales activity in 2013 is down compared to the previous year. In the twelve months of 2013, the market saw 30 industrial sales transactions with a total volume of $183,297,100. The price per square foot has averaged $166.30 this year. In the twelve months of 2012, the market posted 43 transactions with a total volume of $267,879,854. The price per square foot averaged $146.09.

7,500+/- of totally clear span warehouse with 28′-30′ ceilings is for lease at 2070 Newcomb Avenue. This property boasts substantial power, is fully sprinklered and includes a side yard with private parking.

Available August 1, 2014 at $1.25 psf., IG.

If you have any questions about this listing, other available properties or the San Francisco commercial real estate market, call Calco Commercial at 415.970.0000.

2070 Newcomb_for web

Approximately 4,034+/- total square feet, Calco is leasing 238 Capp Street. This property consists of 3,220+/- square feet of ground floor warehouse space, 814+/- square feet of second floor office/creative space and is of concrete construction. The warehouse area has 15′ ceilings and one (1) drive-in loading door. Available June 1, 2014 at $7,950.00 per month. The second floor can be leased separately at $2,685.00 per month.

238 Capp Street is located in the heart of the vibrant Mission District and only one block from the 16th Street BART Station, numerous MUNI bus lines and a multitude of restaurants and shops.

If you have any questions about this listing or other available commercial real estate properties, call Calco at 415.970.0000.

238 Capp Street

Two new units will be coming available for lease at 2200 Jerrold Avenue on July 1, 2014. Unit A is 5,120+/- square feet and Unit K is 6,720+/- square feet and can be leased separately, or together for a total of 11,840+/- square feet. Both units are clearspan, tilt-up construction with 22′ ceilings, spinklers and drive-in loading doors. $1.20 psf., NNN.

Unit Z which consists of 4,263+/- square feet is available now for $1.10 psf., NNN.

To view the full brochure and our other listings, click here: Calco Commercial Real Estate Listings

San Francisco Commercial Real Estate

3175 17th Street is available for lease. The space includes 6,800+/- square feet of ground floor space, full HVAC, heavy power & electrical distribution, exposed wood ceiling, with close proximity to public transportation and BART. Located directly across from Mission Bowling Club and ODC Theatre. $2.75 psf./$33.00 annual, gross. Available May 1, 2014

San Francisco Commercial Real Estate

80 Elmira Street in San Francisco has just been leased with Calco Commercial representing the Landlord in the transaction.  This 10,500+/- square foot single-identity warehouse includes 15′-21′ totally clearspan ceilings, heavy power, sprinklers, one (1) drive-in loading door and a rear private parking area.  

For information about our other listings, click here:  Calco Commercial Listings

If you have any questions about market conditions or commercial real estate in San Francisco, call us at 415.970.0000. 

San Francisco commercial real estate

The 19,228+/- square foot single-identity building located at 2121 Oakdale Avenue has been leased with Calco Commercial as the listing broker.  This property consists of ground floor warehouse space, second floor office, full ADA access and a private parking lot for 17 vehicles.  

To view our other listings, click here:  Calco Listings

If you have any questions about commercial real estate, listings or brokerage in and around San Francisco, give us a call at 415.970.0000. 

2121 Oakdale_Photo_for web