SILICON VALLEY, CA-In talking to sources about different ways to track the real estate market here, we came across Jones Lang LaSalle's recent weather map, which I found quite unique. According to Andy Poppink, managing director in Jones Lang LaSalle's Silicon Valley office, the firm uses the weather map “as a way to quickly depict the current real estate climate and track trends.”
Poppink notes that “As often is the case with our real estate cycles this most recent heat wave started with a high pressure zone in Palo Alto and Mountain View then pushed south into Sunnyvale and Santa Clara.
According to JLL research manager, Amber Schiada, “This map is a unique way we highlight submarket trends, taking into account demand, supply and asking rents for available space and graphically representing these trends as temperatures.”
See graph below for more.
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To hear more about Silicon Valley's growth, see this recent article on GlobeSt.com, which talks about how Silicon Valley's office and research leasing and development sectors may be even more active in this year than in 2012, according to a report this week from Colliers International.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
