Category: commercial office listings (15)

Calco Commercial has leased 3175 17th Street in San Francisco. This 6,800+/- square foot ground floor “creative” space includes HVAC, heavy power & electrical distribution, exposed wood ceilings, and is in close proximity to public transportation and BART. Located in the Mission District, 3175 17th Street is located directly across from Mission Bowling and the ODC Theatre.

If you have any questions about our other available listings, the San Francisco commercial marketplace or market conditions, please call our office at 415.970.0000.

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Oakland looking more and more like the new SoMa for tech leasing

Source: San Francisco Business Journal
Author: Blanca Torres

As office rents soar and available space plummets in San Francisco and the Peninsula, now may be the right time for tech companies to pack up for Oakland.
Oakland is a prime position to attract tech tenants that could be priced out or simply can’t find space in the West Bay, said Bill Cumbelich, a broker with CBRE. Cumbelich mostly concentrated on San Francisco, but is now handling leasing for Oakland office buildings.
In the past, price was the primary reason to defect from San Francisco to the East Bay, but the scenario has changed. Oakland now boasts many of the urban amenities that draw tech tenants to San Francisco: proximity to BART and other public transportation, restaurants and nightlife. On top of that, housing is more affordable.
“We see this real estate cycle as a different scenario,” Cumbelich said. “It will be easier to attract and retain employees in Oakland. We think Oakland could be another submarket of San Francisco.”

Cumbelich isn’t the only person who sees Oakland as the SoMa of the future. Mitch Kapor, an early tech founder and philanthropist, moved his foundation and investment fund to Oakland two years ago and also made the Oakland-SoMa comparison. What made SoMa what it is now is that it started out as gritty and underutilized and was transformed into an edgy office market that attracted companies to break the norm.

Already, the migration trend of tenants going west to east is taking hold, said Trevor Thorpe, who manages CBRE’s East Bay operations. The wave started with non-profits, grew to professional services like law and engineering firms. Tech, he said, is next. The same pattern happened when SoMa went through revitalization as tenants were priced out of other parts of San Francisco. In the past three years, average asking rents in San Francisco shot up by 90 percent to $59 per square foot in 2013 from $31 per square foot in 2010. In Oakland, rents have climbed by 15 percent during the same period from $24 per square foot in 2010 to $28 per square foot in 2014 — half of the San Francisco average.

Besides rents soaring, San Francisco is the middle of a space crunch despite more than 4 million square feet of office space under construction since much of the new space is pre-leased. In a few years, development activity could hit a voter-approved cap on office development known as Prop. M that would stall prospective projects. Oakland’s has cheaper rents along with more available space will work in Oakland’s favor. The vacancy in San Francisco is 7 percent vs. 14.2 percent in Oakland.”We believe that the recent commercial real estate renaissance in the Oakland market is supporting a more broad-based and sticky (i.e. permanent) economic recovery and transference of users to the East Bay,” Thorpe said.

So far, the spillover effect from San Francisco to the East Bay counts more than 300,000 square feet of leasing. The East Bay has yet to land a marquis expansion or headquarters in this cycle, but that could happen once more creative space opens up in repositioned properties like the Sears department store that was recently bought by Lane Partners. Lane has plans to revamp the building as Uptown Station. Lane Partners is planning an extensive renovation of the 400,000-square-foot property that should be done by 2016. The work hasn’t even started and already a tech tenant with a requirement for 150,000 square feet has toured the building, Cumbelich said. “The building is being designed for tech,” he said. “We can land a big tenant in the next 12 months.”

Source: San Francisco Business Journal
Author: Kystal Peak

Alexandria Real Estate Equities has submitted plans to transform the collection of warehouses and parking lots on the 500 block of Townsend St into 258,000 square feet of office space.

The new building would reach seven stories on Townsend Street and five stories along Harriet Street. This plan would presumably place the building right up against the I-280 freeway. However, in the proposal, the Planning Department notes that the freeway may eventually come down and be replaced by public space, according to SF Curbed. Alexandria planners were told to consider incorporating these hopes into their design in case it becomes a reality.

As SoMa continues to evolve in the latest tech and real estate boom, dozens of projects are changing the once very industrial landscape near the freeway.

Calco Commercial leased 2,863+/- square feet of ground floor creative office space in the central Mission location of 3130 20th Street to a consumer-oriented 3-D printer company. 3130 20th Street is situated in close proximity to multiple restaurants, shops, and public transportation.

For more information on Calco Commercial’s other available commercial properties/listings, call our office at 415.970.0000.



238 Capp Street is now being offered for SALE or LEASE. On a sale basis, the total building size is 7,874+/- square feet (per RealQuest) which is divided among two floors. 238 Capp Street is in the Mission Street NCT (Neighborhood Commercial Transit) Zoning Area, which allows for residential development and related uses. The building is of concrete construction with 15′ ceilings, one (1) large drive-in loading door, and is being offered for $3.8 Million.

On a lease basis, 238 Capp Street has 3,220+/- square feet of ground floor warehouse (with drive-in loading door) and 814+/- square feet of second floor office/creative space for $7,950.00 per month. The second floor office area can be leased separately at $2,685.00 per month.

If you have any questions about this listing or our other available properties, call 415.970.0000.

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