Bay Area Crystal Ball: 11 CRE Professionals Share What To Expect In 2018

News & Awards.

TMG Partners has won awards for many projects
including honors for “Best Mixed Use,”
“Best Office,” and “Best Historic Rehabilitation”.

Matt Field, TMG Partners CIO
January 9, 2018
Bay Area Crystal Ball: 11 CRE Professionals Share What To Expect In 2018

Excerpt: Record-breaking office leases and a large pipeline of housing units marked 2017 in the San Francisco Bay Area. Millions of square feet of office will deliver this year as will thousands of housing units. Bisnow asked 11 Bay Area CRE professionals what they are keeping an eye on in 2018, what challenges the Bay Area still faces and what opportunities are still available. Check out what they had to say below:  

TMG Partners Chief Investment Officer Matt Field

“On the demand side, we’ll be watching the pace of office absorption, the evolution of co-working and co-living and demand from biotechnology, advanced manufacturing and last-mile delivery. On the supply side, we’ll be watching residential deliveries and any response on rents and sales prices. Politically, our team continues to keep a close eye on potential legislative responses to the housing crisis and growth. Construction costs, housing affordability and commutes will continue to be challenges. 

“Transformational projects, which deliver either contemporary buildings into emerging areas or transforming older projects into contemporary buildings, are the most exciting for us right now. Our 680 Folsom project is a good example. 

“The South Bay will see positive change from the BART extension and will experience continued robust demand from technology companies. With all of the excitement happening in downtown San Jose, including our proposed development near Diridon Station and SAP Center, we expect this part of the Bay Area to take off.” 

Full article here.

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