SAN FRANCISCO—In an exclusive interview with Transwestern's new executive managing director Rob Bagguley, the cost of doing business has and will drive companies to look at alternative solutions. This will happen not only outside of San Francisco to the surrounding counties, he says, but also competing states such as Arizona and Texas. Among other things, GlobeSt.com chatted about other regional challenges, like affordable housing solutions and economic drivers in the region.
GlobeSt.com: What are the economic drivers in the region?
Rob Bagguley: Technology—both maturing and social networking—and biotechnology. This is truly the center of the universe for venture capital investment into innovation.
GlobeSt.com: What would you say are some of the larger regional challenges?
Bagguley: As more and more companies locate in downtown San Francisco, there are fewer affordable housing solutions for those employees. This continues to drive wage demands and results in corresponding labor shortage issues due to those employees questioning affordability and quality of life from diminishing infrastructure and traffic issues.
Secondly, the cost of doing business has and will drive companies to look at alternative solutions, not only outside of San Francisco to the surrounding counties, but also competing states such as Arizona and Texas.
GlobeSt.com: What is the solution?
Bagguley: This will need coordinated intervention and solutions from local and state government. Despite all of this, companies are still going to want to be in this area of innovation, higher education and global market recognition.
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
Already have an account? Sign In Now
© 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.
