???????????? This week in Bay Area business: economic forecasts; empty offices and mayoral in-trays

???????????? This week in Bay Area business: economic forecasts; empty offices and mayoral in-trays

A new year brings opportunity for contemplation, speculation and resolutions.

What does the future hold for the Bay Area business community?

Our reporters have compiled forecasts across their beats outlining the topics and trends to watch over the next 12 months. With political changes coming at both the local and national levels change is in the air.

Already we've seen fears of defaults and empty office space clouding the horizon. It's dry January for some, but we've got some big beer news.

2025 is here and, whatever it may hold, we wish you all the best for the year to come.


Downtown hotel owner says it might default on loan, again by Alex Barreira


A year after defaulting on more than $100 million in loans, the owner of the Hilton San Francisco Financial District hotel has signaled it might be about to do so again.

Read the full story.


S.F.'s office market downturn is now a city budget crisis by Sarah Klearman

The state of San Francisco's downtown office market has dominated headlines for years now. The prepandemic world seems very far away when viewed through the occupancy-rate lens of 2025. The city's office market is one of the biggest issues in Mayor-elect Daniel Lurie's in-tray and a sizable headwind that is threatening to blow a hole in the city budget according to a new report.

Read the story.


Beer giant taps mammoth Oakland building by Alex Barreira


A recent public filing from Lagunitas Brewing Company suggests Petaluma's pioneering craft brewery is closing in on a massive new Prologis warehouse in Oakland.

Read the full story.


All-affordable housing project could soon rise in Oakland by Hannah Kanik

The Unity Council an affordable senior housing project in Fruitvale under SB 330. Here's the full details.


Nominations

Deadlines for four of our most popular awards programs are fast approaching.

Help us celebrate the people, companies and deals that matter. Make a nomination today.

40 Under 40


The name says it all. Forty of the brightest and best in the Bay Area business community. Know of someone doing amazing work under the age of 40?

Make your nomination here by eod January 10, 2025.

Real Estate Deals of the Year


What was the most important real estate deal of 2024? Who are the most important people and companies in the real estate sector right now?

Make your nominations here by eod January 17, 2025.

Best Places to Work


Do you know the Bay Area's best workplace culture? Love where you work? Celebrate the Bay Area's best places to work.

Make your nominations here by eod January 17, 2025.

Most Influential Women in Bay Area Business


Who are the most powerful and empowering women in Bay Area business? If you know any outstanding female leaders in the Bay Area business or nonprofit community now’s your chance to shine a light.

Make your nominations here by eod January 31, 2025.




Economic forecasts

Will Biotech IPOs rebound in 2025? by William Hicks


AI payoff? IPO resurgence? Lab space oversupply? What will 2025 hold for the biotech sector?

Read the full forecast.


The office market may finally stabilize in 2025 (and other predictions) by Sarah Klearman


Supersized residential properties? Leadership changes? Loans coming due? These are the people, companies, buildings and trends to watch in 2025.

Read the full CRE forecast.


AI will have to prove itself as a business this year by Sara B.


AI paying out? DEI dwindling? The next hype train? These are the people, companies and trends to watch in tech.

Read the full forecast.


Will San Francisco lose a major bank in 2025? by Mark Calvey


Playing the Trump card? Increased consolidation? Leaving town in a big way? Crypto YIMBYs? These are the people, banks and trends to watch in finance in 2025.

Read the full forecast.


Union Square and Moscone on the rebound? 2025 in hospitality by Alex Barreira

Restaurant reinvestment? Moscone on the rise? Union Square bouncing back? These are the people, companies and trends to watch in hospitality.

Read the full forecast.


What to watch in residential real estate in 2025 by Ted Andersen

Low supply? Rising prices? Rate cuts? A condo bounceback? These are the residential real estate trends to watch out for in 2025.

Read the full forecast.



ICYMI here's what else you need to know


Moonshots and Doom Loops ?????????

This weekly Bay Area business? round-up is written by Simon Campbell, special projects editor at the San Francisco Business Times.

Reach out with news tips, questions or comments: [email protected].


Stay safe and have a great year.




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