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SAN FRANCISCO— “Venture capital investment and demand for real estate are highly correlated.” So says JLL's Amber Schiada, director of research for Northern California. “Especially since a lot of these startups are using capital funding to hire more talent,” she adds.
As startup-type firms grow, she explains, demand for real estate increases. “Roughly 260,000 square feet of current tenant requirements in Silicon Valley are software firms that received venture capital funds in Q1,” she says.
According to JLL research, the total high-tech venture capital funding during Q1 2014 was $1.4 billion, accounting for 30% of all VC-backed funding in Silicon Valley.
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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.
