Pricing Trends in Video Games Game Supply Academy, February, 2009.
GAME CHANGE RS 20… · Game-Changing Trends. Nick Axford. Global Director of Research “Top...
Transcript of GAME CHANGE RS 20… · Game-Changing Trends. Nick Axford. Global Director of Research “Top...
G A M E C H A N G E R S
Avison Young Global
1978YEAR FOUNDED
5,000 +REAL ESTATE
PROFESSIONALS
124OFFICE
LOCATIONS
1,600 +BROKERAGE
PROFESSIONALS
290 MSFUNDER
MANAGEMENT
Avison Young Northern California
2012YEAR FOUNDED
91 +REAL ESTATE
PROFESSIONALS
5OFFICE
LOCATIONS
37 +BROKERAGE
PROFESSIONALS
3.25 MSFUNDER
MANAGEMENT
Fastest Growing Commercial Real Estate Company in the World
G A M E C H A N G E R S
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Lead sponsor:
Thank you to our Sponsors
Program sponsor:
Release of INSIGHTS2019 ReportRelease of Global Trends and INSIGHTS2020 Reports
2020 Forecast Global Forecast
Game-Changing Trends
Nick AxfordGlobal Director of Research
“Top trends you need to know about for 2020.”
Avison Young 2020 Forecast
To access national and local market forecasts from across the Avison Young network, please visit:www.avisonyoung.com/2020-forecast
Top trends you need to know about for 2020
Top trends you need to know about for 2020
Top trends you need to know about for 2020
Top trends you need to know about for 2020
Top trends you need to know about for 2020
Top trends you need to know about for 2020
Top trends you need to know about for 2020
Top trends you need to know about for 2020
Top trends you need to know about for 2020
Top trends you need to know about for 2020
Top trends you need to know about for 2020
G A M E C H A N G E R S
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Sacramento is rapidly changing its image as a government town with an influx of a younger labor force from the Bay Area. Sacramento is now one of the top-10 tech talent markets in the U.S. Expect to see major regional office and industrial users such as Centene relocate to Sacramento to take advantage of quality of life, affordable housing, and cultural richness.
Leasing volume totaled more than
3.0 msf in 2019
Market Overview & Outlook
Sacramento Valley 2019 Sacramento Valley 2020
Activity Vacancy Development
Railyards Asking Rates
Vacancy dips to 8.0% due to
strong tenant demand
8.1 msf of proposed projects
currently in the pipeline
The 244-acre Railyard project begins to take
shape
Average asking rates hit $1.97 FS with Class A rents
at $2.35 FS
Thomas AguerManaging Director/Principal
Dozens of cranes rising from construction sites throughout the central business district. Approximately 3,500 residential units are currently under construction & another 3,500 units are planned. The office market will likely resume its healthy pace, with office rates continuing to grow amidst a competitive tenant environment.
Zymergen leased 285K sf in Emeryville
Market Overview & Outlook
East Bay/Oakland 2019 East Bay/Oakland 2020
Deals Asking Rates
Absorption Activity
Surpassed the $4 mark, to reach
$4.27 psf overall
Net absorption totaled 425 KSF, less
than half of 2018
Leasing activity was down, totaling
2.1 MSF in 2019
Charlie AllenManaging Director/Principal
VacancyVacancy grew to
9.0%, up from 8.4% in 2019
Silicon Valley is expected to remain strong in 2020 with historically-low unemployment numbers and solid tenant demand for space by thriving technology companies. Cap rates are at all-time lows and Silicon Valley remains at the top of the list for institutional investors because of the stability of the strong, local tech economy.
Leasing activity totaled 7.7 msf,
down from totals in 2018 and 2017
Market Overview & Outlook
Silicon Valley 2019 Silicon Valley 2020
Demand Development
Absorption Asking Rates
6.3 msf under construction, 75%
preleased
Net absorption totaled 3.7 msf, down 7% year
over year
Asking rates continue to grow, measuring
$4.14 psf, up 9.8% since 2018
Gregg von Thaden Managing Director/Principal
VacancyVacancy dips to
8.0% due to strong tenant
demand
The market as a whole is still showing good momentum. Rates in general are stable; vacancy is near equilibrium levels with activity balancing out new availabilities. The San Mateo County office market is still viewed favorably by tech companies looking to expand.
Stripe, Inc leases 421K SF at Kilroy’s
Oyster Point
Market Overview & Outlook
San Mateo County 2019 San Mateo County 2020
Deals Construction
Absorption Asking Rates
2.0 MSF to be delivered in 2020,
87% preleased
1.74 MSF of net absorption, up 53% from 2018
Average asking totaled $5.08 FS at the close of 2019
Randy KellerManaging Director/Principal
VacancyVacancy dips to
6.5% overall, with 1.5% in San
Bruno/Millbrae
San Francisco is fueled by an unparalleled office market, an abundance of jobs and an ultra-competitive labor pool. Investment sales were up over 160% year-over-year and we predict similar velocity in 2020. Despite an increase in large corporations relocating outside of San Francisco, 75% of office projects underway are 100% preleased. Look for another strong year amongst all product types.
Pinterest leases 490K SF of 88
Bluxome before receiving
entitlements
Market Overview & Outlook
San Francisco 2019 San Francisco 2020
Deals Construction
Absorption Asking Rates
City approves plan to raise
development fees by 143%
2.5 MSF of net absorption, down
34% from 2018
Average asking rates climb to
record-breaking $89.48 FS
Nick SlonekManaging Director/Principal
VacancyVacancy dips to
3.7 % overall, with 2.5% in South
Financial District
Game-Changing Innovation
Data Visualization
John SikaitisChief Innovation Officer
“Building Transparency across CRE Markets and Boosting Productivity for Clients.”
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Game-Changing Innovation
Data Visualization
John SikaitisChief Innovation Officer
“Building Transparency across CRE Markets and Boosting Productivity for Clients.”
Forward, together.A data revolution is upon us
San Francisco, CAJanuary 29, 2020
Data
In 2012, only 0.5% of all data was analyzed.
90% of all data has been created in the last two years.
Digital economy = $11.5 trillion, = to 15.5% of GDP & has grown 2.5x faster than GDP over the past 15 years
In CRE, we love
SaaS
Save here Analyze here Present here
And thus still are largely operating in
We must shift from
SaaS DaaSData-agnosticReactiveTacticalSituational
Data-obsessedProactiveStrategicPlatform
At AY, we are now becoming data obsessed
• Our cities more transparent• Our processes more efficient• Our people more productive,
empowered and enabled• Our delivery to you more strategic• Our clients more successful
With ambition to
Deliver products at the intersection of data, analytics, visualization and technology that make
And so our 1st product is focused on the 99% that connects us
Properties Companies Transactions & activity
Our data warehouse revolves around
Warehouse to store & destination for you to access
Properties
Photos
Developments
Renderings
DevelopersOwners
Land sale compsCapital stacks
Spaces
Availabilities
Floorplans
Tenants
Lease comps
Lease proposals
Lease expirations
Building sale comps
Debt details
Market scoop
In plain terms, it’s
Stacking plans
OMs, BOVs & rent rolls
Zoning
Modern architecture
Accessibility anywhere
Data-obsession Smart capture
Automatedefficiencies
With more Instagram and less CoStar
Market Intelligence App delivering H1 2020
City Visualization Tool delivering H2 2020
Forward, together.
G A M E C H A N G E R S
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Economic and Industry Keynote
The Wild and Crazy 2020 Election
Greg ValliereChief Global Strategist Horizon Investments
“An inside look at this extraordinary election –the races for the White House and Congress –and the implications for investors, the markets and the economy.”
G A M E C H A N G E R S
Thank you for coming