In summary, most East Bay office market subregions are still on fire. I currently am out to market with about 600,000 sf of assorted office uses, and even though there are several million feet of new East Bay office space under construction, much of it is leasing as fast as it can be built. Another 30.8 percent say facilities are viewed as a cost to be reduced, and only 15.4 percent say facilities are a way to boost corporate performance. I guess the silver lining in this is that if your company does view facilities as a way to gain a competitive edge, attract and retain employees, improve production and performance, use real estate as a strategic tool, you are ahead of 85 percent of your competition. Dougherty Valley, the site of the largest home-building project in the San Ramon Valley's history.
Some home buyers are new to the Bay Area.
Expect more and more landlords to add bandwidth to buildings' bundle of services which up to now has included utilities, HVAC, electricity, security and elevators. According to Joyce Gioia, president of The Herman Group, satellite workcenters will increase as more companies want to offer their employees an opportunity to go to a congregate worksite closer to home. Video conferencing will grow. Cameras mounted onto computers will be used frequently for personal interaction. Closed offices will decrease as business leaders realize the benefits of employees working together.