Top RE brokers weigh in on the prospect for future expansion of the Bay Area’s commercial real estate markets
Menlo Park, CA – July 10, 2012 – Second quarter data just released by some of the region’s largest commercial real estate brokerages show that Northern California is leading the nation in office leasing and rent growth.
But the stunning, rapid revival in the fortunes of the Bay Area’s real estate market is not universal. Major markets in Silicon Valley and downtown San Francisco hold the lion’s share of growth due to their popularity with tech- related growth industries such as social media, cloud computing and mobile applications. Meanwhile, the East Bay and some Peninsula markets are struggling to gain traction.
On July 17, leading brokers from around the region will gather at The Rosewood Hotel on Sand Hill Road, in the heart of the region’s tech and innovation funding sector, to discuss whether the current leasing boom in San Francisco and Silicon Valley is sustainable and if, and when, it is likely to spread to other Bay Area markets such as Oakland and Walnut Creek.
Sponsored by The Registry, the Bay Area’s leading real estate publication, the Bay Area’s DPR Construction, Northern California law firm Hanson Bridgett LLP and San Jose-based commercial roofing contractor Alliance Roofing, this MidYear Broker Forum features two panels of experts specially selected to discuss the leasing and real estate investment markets.
Bill Cumbelich, founder and Principal of the CAC Group. Craig Fordyce, Senior Vice President, Colliers International, Bart Lammersen, Managing Director, Jones Lang LaSalle and Mike Moran, Managing Partner of Cassidy Turley will debate the Bay Area’s leasing environment in a discussion moderated by Registry editor–in-chief, Sharon Simonson.
Joe Lewis, president and owner of Santa Clara-based private developer Orchard Commercial, will lead Erik Doyle, president, Cornish & Carey Commercial/Knight Frank, Joe Moriarty, Senior Vice President, CBRE and Stephen Van Dusen, Managing Director, Eastdil Secured in a discussion about the appetite investors may show for Bay Area commercial real estate in the second half of this year and beyond.
We’ve assembled two groups of undisputed experts on Bay Area commercial real estate, all of whom are involved in some of the biggest lease and investment transactions happening today, and we’ll be looking to them to give our audience some keen insight into where this market is headed as well as their advice on how to navigate the market in the months ahead,” said Vladimir Bosanac, publisher of The Registry.
For more information on the event: http://theregistrybrokerforum.eventbrite.com/