san francisco commercial real estate brokers

Category: san francisco commercial real estate brokers (51)

Aug

2130 Oakdale Avenue – Clearspan Warehouse for Lease

2130 Oakdale Avenue has been brought to the market available for lease by Calco Commercial. This 12,800+/- square foot concrete building boasts 25′ ceilings, 400 amp 3 phase power and one (1) large drive-in loading door. Located in the Bayshore area of San Francisco, this property has great freeway access (to both Highway 101 and I-280) and will be available to lease October 1, 2014 at $1.30 per square foot.

If you have any questions about this listing or our other available commercial real estate, please call 415.970.0000.

Aug

375 Alabama Street – Ground Floor PDR Space for Lease

13,235 – 17,000+/- square feet of the ground floor at 375 Alabama Street has been brought to the market for lease by Calco Commercial. This space is zoned PDR, has three (3) loading doors, one (1) drive-in door, two (2) pony dock-high doors, 17′ ceilings, excellent natural light and side loading via a small exterior yard.

375 Alabama Street is centrally located in the Mission District with excellent access to public transportation, parks, restaurants and shops and will be available for occupancy January 1, 2015 at $1.65 per square foot.

If you have questions about this property, or out other available commercial properties, please call 415.970.000.

Aug

360 Bayshore Boulevard – FOR LEASE

Calco Commercial has just brought 360 Bayshore Boulevard to the commercial real estate market for lease. This 5,720+/- square foot clear span warehouse has one (1) drive-in loading door and has zoning that allows for wholesale and retail uses. The property is available now and is leasing for $1.50 per square foot, NNN.

If you have any questions about this property or our other available listings, please call 415.970.0000.

Aug

Is Oakland the new SOMA?

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.”

http://www.bizjournals.com/sanfrancisco/blog/real-estate/2014/08/oakland-new-soma-office-leasing-tech-tenants.html?ana=e_du_pub&s=article_du&ed=2014-08-05&u=19ELr7OrYiuRqEUxO8W3yQ0d406714&t=1407279084&page=all

Jul

Calco Commercial Leases 11,395+/- SF Office Space – 375 Alabama Street

Calco Commercial represented the Landlord in an 11,395+/- SF office lease with the Munchery located at 375 Alabama Street. The creative office space was recently renovated and includes a full kitchen, HVAC, conference rooms, private offices & open areas, high ceilings, with superb natural light and a saw-tooth roof. Located in the Mission, 375 Alabama Street boasts excellent public transportation and is in close proximity to a myriad of local amenities, shops and restaurants.

Calco Commercial specializes in both Landlord and Tenant representation in the San Francisco and Peninsula markets. If have any questions about our available listings or about market conditions, call our office at 415.970.0000.

Jul

2014 Mid-Year Industrial Report: Vacancy Continues to Shrink, CAP Rates Up

Source: CoStar www.costar.com

The San Francisco Industrial market ended the second quarter 2014 with a vacancy rate of 4.3%. The vacancy rate was down over the previous quarter, with net absorption totaling positive 977,686 square feet in the second quarter. Vacant sublease space increased in the quarter, ending the quarter at 332,887 square feet. Rental rates ended the second quarter at $14.97, 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 977,686 square feet in the second quarter 2014. That compares to positive 69,743 square feet in the first quarter 2014, positive 505,972 square feet in the fourth quarter 2013, and positive 185,186 square feet in the third quarter 2013.

Vacancy
The Industrial vacancy rate in the San Francisco market area decreased to 4.3% at the end of the second quarter 2014. The vacancy rate was 5.8% at the end of the first quarter 2014, 6.0% at the end of the fourth quarter 2013, and 6.5% at the end of the third quarter 2013.
Flex projects reported a vacancy rate of 5.8% at the end of the second quarter 2014, 9.1% at the end of the first quarter 2014, 8.9% at the end of the fourth quarter 2013, and 9.2% at the end of the third quarter 2013.

Warehouse projects reported a vacancy rate of 3.7% at the end of the second quarter 2014, 4.7% at the end of first quarter 2014, 4.9% at the end of the fourth quarter 2013, and 5.6% at the end of the third quarter 2013.

Sublease Vacancy
The amount of vacant sublease space in the San Francisco market increased to 332,887 square feet by the end of the second quarter 2014, from 240,425 square feet at the end of the first quarter 2014. There was 147,837 square feet vacant at the end of the fourth quarter 2013 and 222,073 square feet at the end of the third quarter 2013.
San Francisco’s Flex projects reported vacant sublease space of 147,882 square feet at the end of second quarter 2014, up from the 135,533 square feet reported at the end of the first quarter 2014. There were 129,587 square feet of sub- lease space vacant at the end of the fourth quarter 2013, and 136,326 square feet at the end of the third quarter 2013.
Warehouse projects reported increased vacant sublease space from the first quarter 2014 to the second quarter 2014. Sublease vacancy went from 104,892 square feet to 185,005 square feet during that time. There was 18,250 square feet at the end of the fourth quarter 2013, and 85,747 square feet at the end of the third quarter 2013.

Rental Rates
The average quoted asking rental rate for available Industrial space was $14.97 per square foot per year at the end of the second quarter 2014 in the San Francisco market area. This represented a 3.6% increase in quoted rental rates from the end of the first quarter 2014, when rents were reported at $14.45 per square foot.
The average quoted rate within the Flex sector was $23.85 per square foot at the end of the second quarter 2014, while Warehouse rates stood at $11.26. At the end of the first quarter 2014, Flex rates were $23.01 per square foot, and Warehouse rates were $10.85.

Deliveries and Construction
During the second quarter 2014, no new space was completed in the San Francisco market area. This compares to 0 buildings completed in the first quarter 2014, one building totaling 36,000 square feet completed in the fourth quarter 2013, and nothing completed in the third quarter 2013. There was no Industrial space under construction at the end of the second quarter 2014.

Inventory
Total Industrial inventory in the San Francisco market area amounted to 95,310,805 square feet in 4,853 buildings as of the end of the second quarter 2014. The Flex sector consisted of 23,910,714 square feet in 789 projects. The Warehouse sector consisted of 71,400,091 square feet in 4,064 buildings. Within the Industrial market there were 505 owner-occupied buildings accounting for 12,486,342 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 first quarter 2014 in terms of dollar volume compared to the fourth quarter of 2013.

In the first quarter, seven industrial transactions closed with a total volume of $153,598,100. The seven buildings totaled 667,191 square feet and the average price per square foot equated to $230.22 per square foot. That compares to 12 transactions totaling $84,675,000 in the fourth quarter. The total square footage was 480,193 for an average price per square foot of $176.34.
Total year-to-date industrial building sales activity in 2014 is up compared to the previous year. In the first three months of 2014, the market saw seven industrial sales transactions with a total volume of $153,598,100. The price per square foot has averaged $230.22 this year. In the first three months of 2013, the market posted two transactions with a total volume of $5,764,000. The price per square foot averaged $163.24.

Cap rates have been higher in 2014, averaging 6.70%, compared to the first three months of last year when they averaged 6.11%.

Jun

2070 Newcomb Avenue – 7,500+/- SF – LEASED

Calco Commercial Real Estate has leased 2070 Newcomb Avenue: 7,500+/- square feet of totally clear span warehouse with 28-30′ ceilings, substantial power, fully sprinklered and a side yard with private parking. 2070 Newcomb is located in the Bayshore Corridor area, just two blocks from the San Francisco Produce Market, and within close proximity to public transit.

If you have any questions about other available commercial real estate listings or the status of the San Francisco real estate market place, call 415.970.0000.

Jun

3130 20th Street – LEASED

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.

May

238 Capp Street – For Lease

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.

May

Unique Single-Identity Office Lease Opportunity in SSF

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.