In this insightful episode, Bruce Bean sits down with Jay Shaffer, co-founder of Colton Commercial, to explore the evolving landscape of San Francisco's commercial real estate market. Jay shares his journey as a Bay Area native and real estate expert, detailing over two decades of experience navigating the boom-and-bust cycles of the city’s property market. He discusses the challenges and opportunities that have arisen post-COVID, offering unique insights into office space demand, tenant negotiations, and commercial property investments.

Key takeaways include:

• The dramatic shifts in San Francisco's office space market, with vacancy rates hitting 38%.
• How businesses can capitalize on current market conditions to save up to 50% on leases or even purchase properties at 70-80% discounts.
• Jay’s experience in growing Colton Commercial from a small operation into a leading full-service real estate company.
• The rise of AI companies in San Francisco, including OpenAI, and its impact on the commercial market.
• Jay’s commitment to community involvement, sitting on the boards of nonprofits and the Bank of San Francisco.

For anyone interested in the future of commercial real estate in the Bay Area, this episode is packed with valuable insights.

Guest Info: Jay Shaffer is the co-founder of Colton Commercial, a real estate firm specializing in San Francisco properties.

----------------------------------------------------------------------------------------------------------------- We’re excited to feature your voice in the conversation about building wealth and legacies through commercial real estate. Join us to share your journey and insights with our growing audience! Learn more and apply at https://sfcommercialconversations.com/guest