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
- Tech Powers Bay Area Office Demand – Surprised?By Robert Sammons, Senior Director, Northern California Research If there was any wonder as to what has been driving commercial (as well as economic) growth in the Bay Area during this last decade, our new office gross leasing chart (shown below) should make it perfectly clear. Not surprisingly it is the tech industry of course. But what may be surprising is that the tech world has leased more office space than all the other major industry sectors combined from the beginning of 2011 through midyear 2019, totaling 177 million square feet (msf) versus 170 msf. For purposes of this exercise, we reviewed gross office leasing activity (new deals and renewals) throughout the Bay Area to include the counties of San Francisco, San Mateo, Santa Clara, Alameda, Contra Costa, Marin and Sonoma. Tech has led the march every year, and often by a substantial margin, with at least twice the amount… Read more »