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Property Counselors Link Corkery |
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PCLC, Inc.
Is a boutique brokerage specializing in apartment buildings sales in the San Francisco Bay Area. Founded in 1980 by Link Corkery and two partners, PCLC, Inc. has traditionally focused on 10 unit and above apartment building sales and exchanges in the East Bay.
PCLC, Inc. combines the personal service of a boutique brokerage with the marketing muscle of a top national firm. With over 30 years of experience in commercial real estate, Link Corkery is a highly respected broker and trusted real estate advisor.
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May 2010 Apartment Market Update |
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(May/2010) … March 2010 was the first time in 23 months that the San Francisco side of the Bay added jobs, according to California’s Employment Development Department (EDD). Past articles in this column have proven how important San Francisco is to the rental economy in RHANAC’s service area which includes Oakland, Berkeley, Alameda and Emeryville.
If the San Francisco/Peninsula area continues to add net jobs this should mean a pick up in their rental market and since there appears to be about a six month delay before rental trends hit the East Bay look for more signs of strengthening in our rental market later this year.
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Written by Nick Myerhoff
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East Bay Area rents follow job growth
Link Corkery has been tracking Bay Area job growth for over two decades. His findings have been the subject of many of his RHANAC articles and analysis. We have found that by studying the trends in employment we can predict movement in the rental market.
The Change in Rents vs. Employment graph shows that in 2002 the rental market in San Francisco bottomed out and began to reverse its trend after the .com bust. We can see that as the job market began to recover on both sides of the Bay rents followed.
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