California + Retail | January 16, 2017

Transit’s Impact on Bay Area Rents

Office rents in markets where transit options and amenities are abundant can be as much as 30% higher on average than for businesses located more than a 10-minute walk from a station. That was a key finding of a new report by JLL’s San Francisco research team that looked at how 31 Bay Area train stations impacted surrounding rents.

Additionally, researchers discovered buildings around most ‘walk-to-rail’ stations experienced higher rents and lower vacancies. Interestingly, there were differences. For instance, some walk-to-rail office locations fared better than others.

Locations around stations in downtown San Mateo or Redwood City, which have nearby amenities such as restaurants, parks, cafes, gyms and retail shops, fared better than those without amenities. By comparison, average monthly rents around San Jose’s College Park Caltrain station were $2.15-per-square-foot, while rents near downtown Redwood City’s station averaged $6.79-per-square-foot.

For comments, questions or concerns, please contact Dennis Kaiser

Connect

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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