Office tenancy in San Francisco commercial buildings is at a near-record high as The City continues to attract new companies due to its reputation as an innovative, healthy and enjoyable place to do business. Thirteen major buildings are being constructed or are under major renovation, which will add another 1.5 million square feet of workspace within the next 24 months. Read More
It’s high time to correct some of the myths that are perpetrated about commercial real estate, myths that can cause bad public policy.
Myth: Commercial buildings are owned by old fat cats who limo around town stuffing their pin-striped silk suits with gobs of rent money. Read More
San Francisco voters very narrowly passed road-repaving bond measure Proposition B. But borrowing money to fix roads — instead of paying for it with general-fund dollars — is like pouring gold into potholes. With the passage of Prop. B, we’ll fix our roads for a while, but not our general infrastructure maintenance mechanism in San Francisco. When all of the math is done, bond funding costs 2.5 times as much as funding from operating revenues. Read More
Everyone wants a greener workplace, but are we doing all we can to make it so? The answer is no. It’s not because we’re uncaring polluters. More likely, we’re simply not as attentive as we could be to how our behavior impacts energy use at work. Many people erroneously assume that landlords bear sole responsibility for commercial building energy efficiency. Read More
In Economics 101 we learn that the private sector creates wealth and government taxes it — and spends it judiciously, if public officials want to keep the business community thriving. To have a truly successful city, government must nourish the private sector to stimulate commercial activity and support a “civic experience” with widespread urban appeal. Read More