If you missed my presentation last week on the commercial real estate markets in the US and the San Francisco Bay area, here is a quick summary;
The San Francisco Greater Bay area economy, despite its housing bubble burst, dot-com bubble burst and massive job losses, will be one of the first markets to show recovery (coastal markets fair better than inland locations in a downturn), and the Port of LA and Port of Oakland are power houses for the manufacturing & warehouse/distribution sectors with exports to China (nǐ hǎo) now exceeding imports. The semi-conductor sector is doing amazingly well, as is the energy sector, and of course social media, Twitter, Linked-in, and this sector includes 'App' / Application developers (think "Angry Birds"), are expanding their office footprints significantly in the San Francisco office market by leasing over 200,000 SF in the last few months, in preparation of increasing their labor force in the next 12-24 months.
Copies of my presentation are available by emailing me at mark.hinkins@grubb-ellis.com;
The San Francisco Greater Bay area economy, despite its housing bubble burst, dot-com bubble burst and massive job losses, will be one of the first markets to show recovery (coastal markets fair better than inland locations in a downturn), and the Port of LA and Port of Oakland are power houses for the manufacturing & warehouse/distribution sectors with exports to China (nǐ hǎo) now exceeding imports. The semi-conductor sector is doing amazingly well, as is the energy sector, and of course social media, Twitter, Linked-in, and this sector includes 'App' / Application developers (think "Angry Birds"), are expanding their office footprints significantly in the San Francisco office market by leasing over 200,000 SF in the last few months, in preparation of increasing their labor force in the next 12-24 months.
Copies of my presentation are available by emailing me at mark.hinkins@grubb-ellis.com;