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Old 12-29-2015, 12:29 AM
 
Location: Los Altos Hills, CA
36,658 posts, read 67,519,268 times
Reputation: 21239

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Ugh.
http://www.bizjournals.com/sanfranci...q-schw-ua.html
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Old 12-29-2015, 01:49 AM
 
Location: where the good looking people are
3,814 posts, read 4,010,597 times
Reputation: 3284
Yea but what is the total office space in both cities? I used up my free biz journal articles for the month.
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Old 12-29-2015, 12:54 PM
 
Location: Palo Alto, CA
901 posts, read 1,167,886 times
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Oakland's office capacity is miniscule compared to SF, many millions of sq feet less. It's very very underbuilt. Until recently, developers have not even been able to get financing for new high rises, that's why you haven't seen construction. That is starting to change now.
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Old 12-29-2015, 01:59 PM
 
308 posts, read 467,321 times
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Quote:
Originally Posted by Chuck5000 View Post
Oakland's office capacity is miniscule compared to SF, many millions of sq feet less. It's very very underbuilt.
Sounds like a great opportunity for Oakland then.
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Old 12-29-2015, 06:31 PM
 
Location: where the good looking people are
3,814 posts, read 4,010,597 times
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Quote:
Originally Posted by Chuck5000 View Post
Oakland's office capacity is miniscule compared to SF, many millions of sq feet less. It's very very underbuilt. Until recently, developers have not even been able to get financing for new high rises, that's why you haven't seen construction. That is starting to change now.

LoL that is what I suspected.
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Old 12-29-2015, 07:12 PM
 
Location: Los Altos Hills, CA
36,658 posts, read 67,519,268 times
Reputation: 21239
Quote:
Originally Posted by Chuck5000 View Post
Oakland's office capacity is miniscule compared to SF, many millions of sq feet less. It's very very underbuilt. Until recently, developers have not even been able to get financing for new high rises, that's why you haven't seen construction. That is starting to change now.
Right and all the while Oakland's office market has been tepid vs SF, like always, but the article points out that in the last year, Oakland's vacancy rate plunged from 12% all the way down to 4%( insane), and that is quite impressive for any market.
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Old 12-29-2015, 07:32 PM
 
Location: where the good looking people are
3,814 posts, read 4,010,597 times
Reputation: 3284
Quote:
Originally Posted by 18Montclair View Post
Right and all the while Oakland's office market has been tepid vs SF, like always, but the article points out that in the last year, Oakland's vacancy rate plunged from 12% all the way down to 4%( insane), and that is quite impressive for any market.
Oakland is not it's own market.
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Old 12-29-2015, 09:44 PM
 
Location: Los Altos Hills, CA
36,658 posts, read 67,519,268 times
Reputation: 21239
Quote:
Originally Posted by WizardOfRadical View Post
Oakland is not it's own market.
Lol Downtown Oakland is indeed its own office market whose data is tabulated separately by every commercial real estate statistical gathering source that exists.

And all by itself, Oakland's office vacancy rate has plummeted from 12% to 4% in one year. Ive actually never seen such a rapid drop in available space anywhere.

I really havent got a clue as to why this news appears to make you so salty.

Lol
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Old 12-29-2015, 09:59 PM
hsw
 
2,144 posts, read 7,162,376 times
Reputation: 1540
What is rental price of SF Class A off space vs '00 in real terms?....~40% cheaper: look it up

What will move be of any SV mega-cap co. when stock price stops working and need to cut costs to try to spur stk price? Prob move jobs (& thus need for CA off space) to suburban Aus/DFW, not anywhere in high-tax/cost CA....

What happens when China/other money launderers/end of 0% rates/end of QE suggest lack of new money to put into SF/NYC, etc real est at current valuations?

As usual, prices are closer to truth than any narratives....
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Old 12-30-2015, 09:44 AM
 
Location: Oakland, CA
28,226 posts, read 36,871,835 times
Reputation: 28563
Quote:
Originally Posted by WizardOfRadical View Post
Oakland is not it's own market.
It is. And Oakland's vacancy rate has never been this low, at least that I can recall. Certainly not in the dotcom boom.
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