Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 51,000 employees in 400 offices and 70 countries. In 2018, the firm had revenue of $8.2 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services.
Cushman & Wakefield opened its first Northern California office in 1967 in San Francisco. Today, Cushman & Wakefield in Northern California has locations in the following cities: San Francisco, San Jose, Oakland, Sacramento, Walnut Creek, Larkspur, Pleasanton, Burlingame, Palo Alto, Stockton, Salinas and Monterey.
This Week’s Blog Post
- Wave of San Francisco Entitlements Begin in Earnest? – The Economy is so Good it may be SlowingBy Robert Sammons, Senior Director, Northern California Research The San Francisco Planning Commission approved the first major project in the rezoned Central SoMa district. The honor goes to 598 Brannan Street whose first phase consists of just over 700,000 square feet (sf) of office space along with some PDR (production, distribution and repair) space too. That office block will, of course, pull from Prop M allocation taking the grand total in the large cap queue down to just under 2.2 million square feet (msf). For those not as aware of the quirks of the San Francisco entitlement process, Proposition M essentially controls the amount of office development allowed. For projects 50,000 sf and larger, there is 875,000 sf added each October though that does roll over if not used. There was a build-up for a number of years during the recession and early in the recovery though that figure is… Read more »