NorCal CCIM

Sponsor Spotlight: Silver Sponsor, Novateur Capital. #ccimsponsors #norccalccim #powerofthepin #ccim

Sharing on behalf of our friends at NAIOP San Francisco Bay Area. Great panel and property tour opportunity next Tuesday. https://lnkd.in/g8nia4wc

Sponsor Spotlight: Silver Sponsor, Chicago Deferred Exchange Company. #ccimsponsors #norccalccim #powerofthepin #ccim

Sponsor Spotlight: Silver Sponsor, Baniqued Guzman Asset Management. #ccimsponsors #norccalccim #powerofthepin #ccim

Please join NorCal CCIM as we ring in the holiday season and install our incoming leadership! #ccim #powerofthepin #norcalccim Tony Rishell, CCIM, CPM Maxim Shapiro, MBA, MSF, CCIM Ron E. Cruz, CCIM Tim Tikalsky, CPA, CCIM Stephanie Chung SBA Lender Tim Vi Tran, SIOR, CCIM, Commercial Real Estate Advisor Joseph Cervantes ??Helen HL Chong, CCIM, CIPS Davide Pio, CCIM Eric Rehn, CCIM Anna Swartz-Lopez Judah Rouss

Sponsor Spotlight: Silver Sponsor, Security Financial Services. #ccimsponsors #norccalccim #powerofthepin #ccim

NorCal CCIM Office Panel Luncheon Recap This week's panel luncheon covered important discussions on the current state of the office market in Northern California. Key takeaways include: ? Vacancy rates: San Francisco leads with 31% vacancy, followed by Walnut Creek at 22%, and Sacramento at 12%. Pleasanton was the only East Bay city with positive net absorption. ? The Future of Work: We're seeing unprecedented trends in workplace dynamics, with many preferring remote work. On Mondays and Fridays, only 12-15% of San Francisco offices are occupied (tracked via digital access data). ? Growth Markets: Despite these shifts, the Bay Area is experiencing growth in sectors like cryptocurrency and cybersecurity. ? Office-to-Residential Conversions: While often discussed, converting office buildings to multifamily housing is rarely feasible due to structural challenges like plumbing requirements. Over the past 30 years, only about seven buildings have successfully made this transition. Furthermore, the lack of surrounding infrastructure, like restaurants and schools, raises concerns about the viability of such conversions. As the landscape continues to shift, these trends will undoubtedly shape the future of the office market. #CCIM #powerofthepin #NorCalCCIM #OfficeMarket #CommercialRealEstate #FutureOfWork

Sponsor Spotlight: Gold Sponsor, Amalgamated Bank. #ccimsponsors #norccalccim #powerofthepin #ccim

Sponsor Spotlight: Gold Sponsor, Heritage Bank of Commerce. #ccimsponsors #norccalccim #powerofthepin #ccim

Sponsor Spotlight: Gold Sponsor, Haynes and Boone, LLP #ccimsponsors #norccalccim #powerofthepin #ccim