Hans Hansson | April 22, 2008
The year 2008 will be year of uncertainty in the office market nationwide. The speculative buying of commercial real estate over the last several years has pushed office market rental increases in double digits in many urban markets. Now with a possible slow down in the economy, landlords are feeling uneasy as to whether they can achieve their projected rental rates while tenants that need office space this year are entering a market where vacancy rates are low and therefore alternatives are harder to come by in these same markets.Read more... (648 words)
Hans Hansson | April 8, 2008
The year 2008 will be a year that real estate brokers in both residential and commercial real estate will be needed more than ever; and, as a result could have a successful year and build long lasting relationships with clients that would bring in more business. We in the profession always do best when there is uncertainty in the marketplace.
In residential real estate today both sellers and buyers need a broker's help more than ever to make decisions. In a hot market a broker is less needed because sellers know their house will sell with little effort and buyers will know there is little room to negotiate. A broker's role in a hot market is more of an "order taker" than a negotiator and consultant.Read more... (309 words)
In residential real estate today both sellers and buyers need a broker's help more than ever to make decisions. In a hot market a broker is less needed because sellers know their house will sell with little effort and buyers will know there is little room to negotiate. A broker's role in a hot market is more of an "order taker" than a negotiator and consultant.Read more... (309 words)
Hans Hansson | March 24, 2008
As a salesperson you will have good days and bad. Some days everything is clicking and sales are coming in, other days everything that you have been working on falls apart and you feel like nothing you do is working.
Years ago I had a particularly bad day. My largest deal had fallen apart and the next phone call was to find out that a deal I just closed was now in trouble as well, it really seemed like I could do nothing right. A broker friend of mine came over and he proceeded to tell me he just lost his biggest deal of his career but instead of being down he looked at me and said you know what good brokers do with they are having a bad day? You go to lunch he said, "lets go".
Read more... (330 words)
Years ago I had a particularly bad day. My largest deal had fallen apart and the next phone call was to find out that a deal I just closed was now in trouble as well, it really seemed like I could do nothing right. A broker friend of mine came over and he proceeded to tell me he just lost his biggest deal of his career but instead of being down he looked at me and said you know what good brokers do with they are having a bad day? You go to lunch he said, "lets go".
Read more... (330 words)
Hans Hansson | March 19, 2008
Between 2008 and 2011, San Francisco will see more than 3 million square feet of new office space come onto the market. This will be the largest increase in new office space in San Francisco since 1985. In addition, if all the residential units that are at the permit stage or that have applied for permits are built, San Francisco will see 45,000 new condo units available for purchase during a similar period.
Wall Street certainly believes in San Francisco. Real estate investment trusts (REITs) have pegged San Francisco to sustain rents as much as $100 per square foot by 2009. Although this is high by San Francisco standards, it is half the rate projected for New York. Yes, tenants should be nervous. But so should landlords.Read more... (379 words)
Wall Street certainly believes in San Francisco. Real estate investment trusts (REITs) have pegged San Francisco to sustain rents as much as $100 per square foot by 2009. Although this is high by San Francisco standards, it is half the rate projected for New York. Yes, tenants should be nervous. But so should landlords.Read more... (379 words)
Hans Hansson | March 10, 2008
For years, Wall Street viewed the San Francisco office market as stable but mature. It no longer was considered a headquarters market, but its core markets-including technology and medical research-its strong branch market, and its attractiveness continued to draw a robust workforce.
Wall Street also pegged office market rents in the San Francisco Bay Area to those in New York. Historically, Bay Area rental rents on average have been about 50% of New York rents.Read more... (344 words)
Wall Street also pegged office market rents in the San Francisco Bay Area to those in New York. Historically, Bay Area rental rents on average have been about 50% of New York rents.Read more... (344 words)
Starboard TCN Worldwide Commercial Real Estate | February 26, 2008
It has been awhile since any new mobile tools have been introduced that could truly make you more efficient, but that is about to change. A new generation of mobile phones is entering the market that is worth considering changing to as well as new mobile search tools.
Since the iphone was introduced exclusively to ATT, other phone carriers are now introducing phones similar in function and design.Read more... (341 words)
Since the iphone was introduced exclusively to ATT, other phone carriers are now introducing phones similar in function and design.Read more... (341 words)
Hans Hansson | February 4, 2008
How many times have you told yourself that after dealing with everyday customer service from large businesses, you would not do it again? These last couples of days have been brutal for me and with what is going on regarding customer service on a bigger picture is frightening; and to see how these businesses continue to compete long term is even more frightening.
My first experience occurred with Comcast. I decided to switch my home phone service to Comcast.Read more... (376 words)
My first experience occurred with Comcast. I decided to switch my home phone service to Comcast.Read more... (376 words)
Hans Hansson | January 28, 2008
I started as a commercial real estate broker in San Francisco in 1984. My first offer I ever made was an office space at 111 Pine Street for $34.00 per square foot. My next offer was for space at 555 California Street for $52.00 per square foot. The vacancy rate at that time was six percent. Most buildings were offering paint and carpet allowance with some minor additional tenant improvements. Office buildings did not change ownership all that often back then, but when they did they traded for $150 to $200 per square foot. However in 1984 we were in the middle of an office building boom that saw construction prices to build a new office building from the ground up hit $300 to $450.00 a square foot.
Read more... (305 words)
Read more... (305 words)
Hans Hansson | January 14, 2008
The movement to restrict national and large regional retailers from expanding into neighborhood retail areas is gaining advocates throughout the United States. These activists believe that national and franchise retailers kill local and small businesses while eroding the fabric of local neighborhood communities.
In San Francisco, Supervisor Tom Ammiano recently proposed a ban on national and franchise retailers from entering the Mission District. Last year, the city voted on restrictive measurements that require a retailer with more than 11 stores to go through a public review process before it can sign a lease in any shopping center or neighborhood outside of the Financial District.Read more... (480 words)
In San Francisco, Supervisor Tom Ammiano recently proposed a ban on national and franchise retailers from entering the Mission District. Last year, the city voted on restrictive measurements that require a retailer with more than 11 stores to go through a public review process before it can sign a lease in any shopping center or neighborhood outside of the Financial District.Read more... (480 words)
Hans Hansson | January 8, 2008
With the start of the New Years here are some things as a salesperson you consider to get off to a strong start in 2008.
First, understand that most salespeople are multi-taskers and do not have strong organizational skills. Therefore planning your upcoming year and sticking with your plan is hard for you because your natural tendency is to go with the flow and work on what comes through the door. Most plans may be well thought out and with good intentions but quickly most salesperson's fail over time to properly implement them. Therefore you want to create a plan that is realistic to the way you do business and you set up proper monitoring of your goals regularly to insure that you stay focused to your plan.Read more... (257 words)
First, understand that most salespeople are multi-taskers and do not have strong organizational skills. Therefore planning your upcoming year and sticking with your plan is hard for you because your natural tendency is to go with the flow and work on what comes through the door. Most plans may be well thought out and with good intentions but quickly most salesperson's fail over time to properly implement them. Therefore you want to create a plan that is realistic to the way you do business and you set up proper monitoring of your goals regularly to insure that you stay focused to your plan.Read more... (257 words)
