What you are hearing is what I am seeing. Except for certain outliers -i.e. — robotics VC that keeps an innovation lab in PDR space, finance groups continuing to make the flight to quality, law firms and architecture groups right sizing — the market is in wait & see mode. …

The market the past 2 weeks has felt as if it is a bit stuck in the mud, as business leaders try to wade through all of the information being presented to them by what is occurring in worldwide markets. …

The last 2 weeks have seen an uptick in both Bart ridership and traffic. Bart ridership was up to 29% of pre-pandemic levels through the end of April, and has jumped these past 2 weeks up to 35%. Weekends are closer to pre-pandemic levels — even touching 60% (5/7/22) of…

In our Q1 Market Report we reported slight negative absorption of office space for the quarter, while Newmark’s reported slight positive absorption. Much of this comes down to methodology, but from where I am sitting, San Francisco tenant’s are all going through right-sizing exercises right now in concert with companies…

Tour activity is picking up, especially south of market. The flight to quality persists. Short term, plug n play options remain the belle of the ball. Tire kicking continues to dominate the market, as we are eliciting more tours but conversion to LOIs is still light in the office sector…

A good buddy of mine is quoted as saying — if you are selling something, put a damn tie on. Well, it’s been 2+ years, but the damn ties are getting put back on. In my last few missives, I’ve reported on all of the things going wrong locally, nationally…

Interesting week so far. On the heels of a $1.9Tn Stimulus package the Biden Administration is talking about an infrastructure bill of another $2.25–3 Trillion dollars. Didn’t Everett Dirkson famously say, “A billion here, a billion there, soon you’re talking about real money?” I’m eager to see where it is…

Today is 5/14/2020 and we’ve been in state mandated shelter in place for the greater part of 7 weeks, potentially longer depending on how you skin the cat, but this is the first week that it’s felt like America has truly started to win the fight against this pesky disease…