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Speakers and Panels
Recent Groundbreakings: Construction & Leasing Update
Construction & Leasing Update
John Dobrott
President – Industrial Division
Conor Commercial Real Estate
Carl Overaa
Vice President of Business Development
Overaa Construction
Kevin Ramos
CIO
Buzz Oates
George Condon
Partner, West Region
Dermody Properties
Jason Ovadia
Managing Director | Industrial & Logistics
JLL
Jim Terry
Principal
Ware Malcomb
Future of Industrial In NorCal: TI's, Build Costs and Location
Year's End Roundup
Bob Wissmann
Division President - Northern California
Millie and Severson General Contractors
Tom Wang
Principal, Investment & Asset Manager – West
Exeter Property Group
Dan Letter
Managing Director
Prologis
David Haugen
Senior Vice President
DCT Industrial Trust
Michael Goldstein
Vice Chair & Executive Managing Director
Colliers International
Teresa Goodwin
Regional Director
HPA Architecture
Summary
"The next big thing in office mixed-use development could come from a rising demand for light industrial space near city centers." - Julie Littman, Bisnow SF Reporter.
With continued innovation in Northern California, let's unpack the reasons for this recent industrial development & investment surge!
The Bay Area is set for steady industrial growth as low vacancy rates and industrial net absorption remain the talk of the industry. Last year’s net absorption rate totaled 3.8M SF and asking rent shot up to $0.73/SF from a low of $0.43/SF in 2010, according to JLL. These indicators have not gone unnoticed as leading brokerages chime in. Colliers International SVP | SIOR Kevin Hatcher reflects, "The last couple of years [have] been a good run for Bay Area industrial, including the larger distribution market of Tracy and Stockton.”
Collier's Hatcher is right on the money, but still, some are asking...
1) What cities and municipalities are offering development incentives?
2) Are tenant incentives a deal breaker? Should cities & municipalities cave to the demands of those looking to build in their backyard?
3) Leasing: How will industrial vacancy rates look 2018? Will logistics or distribution centers be a driving force?
4) Building: With the Federal Reserve aiming to raise interests rates, how will this affect the builder's outlook?
5) Cap rates are hovering around 5 - 6% in the Bay Area. Can owner's expect to see greater returns in 2018?
While industrial development has traditionally taken place in more inland in cities such as Tracy, Stockton, and Sacramento. We are now seeing development trends in the East & South Bay grow year over year.
Learn more about this fascinating asset class on 12/7. Connect, Learn and Grow with Bisnow!
Share your comments, post your photos and ask questions using #BisnowSF on Twitter and Instagram, and follow us at @BisnowSF on Twitter for more local news.
Venue
The Fairmont Hotel
950 Mason St
San Francisco, CA 94108
Ballroom: Gold Room
Fairmont San Francisco Hotel Garage is located on the corner of Powell and California Streets, Visitor parking is $5 for every 20 minutes.
Agenda
| Time | Activity |
|---|---|
|
3:30 PM
4:30 PM
|
Breakfast & Networking
|
|
4:30 PM
5:15 PM
|
Recent Groundbreakings: Construction & Leasing Update
|
|
5:15 PM
6:00 PM
|
Future of Industrial In NorCal: TI's, Build Costs and Location
|
|
6:00 PM
6:30 PM
|
Closing Remarks & Networking
|