If You Build It, They Will Come: Office Developers Line Up to Build in Redwood City

Office Developers, JLL, Silicon Valley, commercial real estate news, Redwood City, Kilroy, box.com, Hunter Storm's Crossing

10.9.14.Chart of the Week SV

-Google in the process of acquiring the Blackstone controlled potion of Pacific Shores, a 6-building, 806,000 s.f. Class A campus.
-500,000 S.F. – The volume of development allowed in Downtown Redwood City per their precise plan, 334,000 s.f. of which has already been allocated to Kilroy/Hunter Storm’s Crossing 900 Development.
-There is a total f 3.3 MSF* of development projects that have been submitted to Redwood City officials. Approximately 515,000 s.f. Is located in Downtown Redwood City and was submitted within the past month.
-Hot tenant demand – Year to date, the Redwood City submarket has seen approximately 615,000 s.f. of leasing activity*, led by Box.com‘s 334,000 s.f lease of Crossing 900.

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