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California  + Retail  | 

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

Inside The Story

Read more at JLLConnect With JLL’s Steve Clark

About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., 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, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

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