Is San Francisco's commercial vacancy rate increasing as companies move across the Bay? Hey - what's good enough for Levi's,is good enough for everyone else, right? Like its weather, the Oakland commercial real estate scene is hotter than San Francisco, and in an article singing the praises of East Bay development, The New York Times looks at the legacy of Jerry Brown, the largest upcoming construction projects in the area (re: Lennar), and the perks of building around the Bay — among them, the raw development potential of the largest available shoreline in any American metropolis; a shoreline that's rapidly increasing as refineries and military shipyards close their doors. The Bay Area: brazenly building in the face of the doomsday economy.
· Bay Area Holds Commercial Appeal Despite Stumbles of Housing Market [New York Times]
· SoMa Not Spared in New Office RE Slump
[image via rebron.org]