SAN FRANCISCO—“If anyone asks me 'is it different this time'? The answer is 'yes', it is.” That is according to Colliers executive managing director Alan Collenette when exclusively talking to GlobeSt.com about how the Bay Area is “the center of the world's innovation-based economy,” and that “San Francisco is the incubator for its brains.”

According to Collenette, “Ahead of Sweden and Swirtzerland the Bay Area' GDP is growing faster than China's at 7.5%.” He adds that “There is no looking back now to the quaint little village by the Bay.”

He tells GlobeSt.com that San Francisco is ranked as one of “the world's biggest, most interconnected cities, which help to set global agendas, weather transnational dangers, and serve as the hub of global integration. “These cities are the engines of growth for their countries and the gateways to the resources of their regions.”

To read more about tech companies continuing to devour existing office space by signing long-term leases and buying once-languishing investment properties, click here.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

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.