Category: san francisco commercial real estate brokres (7)

Source: San Francisco Business Times
Author: Blanca Torres

It’s no secret that tech leasing is driving San Francisco’s office market, but exactly how much?
At the end of last year, San Francisco was home to more than 53,000 tech jobs— a number that has grown significantly in recent years and is expected to keep growing.
What that means for real estate is that of the close to 3 million square feet of office space under construction,100 percent of the tenants pre-leasing space in forthcoming buildings are tech companies according to data crunched by Cushman & Wakefield. So far, those firms snatched up 70.1 percent or about 2.2 million square feet of the space under construction.

That includes buildings such as:

222 Second St., 450,209 square feet: 100 percent leased to LinkedIn.
333 Brannan St., 180,000 square feet: 100 percent leased to Dropbox.
345 Brannan St., 113,000 square feet: 100 percent leased to Dropbox.
350 Mission St., 444,000 square feet: 100 percent leased to Salesforce.
270 Brannan St., 182,000 square feet: 100 percent leased to Splunk.
415 Mission St., 1,412,898 square feet: 50 percent leased to Salesforce.
535 Mission St., 303,780 square feet: 30 percent leased to Trulia.

For existing space, the tech leasing explosion means more landlords are looking for ways to make their buildings “creative” with features like taking out dropped ceilings — a trend that applies to 14 percent of commercial business district space in San Francisco. Landlords have modified about 10.2 million square feet of traditional office space to fit the needs of tech tenants. Rents for modified space have risen an average of 52 percent since the bottom of the market to $64.44 per square foot.

Rents for “prime creative space” went up even faster, by 76.5 percent since the bottom of the market in to average asking rates of $61 per square foot, Cushman & Wakefield said. San Francisco’s office market includes about 51 buildings constituting 6.5 million square feet of creative space defined as “historic and/or brick & timber construction that has undergone a major retrofit.”
Average asking rents in San Francisco’s overall office market shot up about 55 percent to $63 per square foot since the bottom of the market.

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 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

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

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

Calco Commercial brokered both sides of the sale transaction for the 98,000+/- square foot multi-unit industrial complex located at 2200 Jerrold Avenue in San Francisco.   This 25 unit complex consists of clearspan warehouses with drive-in roll-up doors, and private on-site parking.  

Calco Commercial, Inc. is a solution based San Francisco and Peninsula area commercial real estate brokerage firm.   Specializing in the sales and leasing of industrial, office and flex use properties, Calco Commercial offers definitive results with personalized service.  Steeped in knowledge about the Bay Area marketplace, Calco brings our clients over two decades of real estate experience coupled with unmatched customer service and prevailing technology.  Utilizing these resources, Calco provides the tools to help our clients make the right decisions in the ever-changing real estate marketplace.

To view our current listings, click here: Calco Listings

Have any questions about the San Francisco commercial/industrial real estate market place?  Give us a call at 415.970.0000.  2200 Jerrold 2