Sign In

Dan Johnson

Real Estate Advisory - [email protected]

Dan Johnson is the Senior Vice President of Tenant Representation at Raise Commercial Real Estate, which was formerly known as HelloOffice. In this role, he specializes in advocating for tenants in commercial real estate transactions, ensuring they secure favorable lease terms and optimal spaces for their business needs.

Professional Background

  • Current Position: Senior Vice President - Tenant Representation at Raise Commercial Real Estate.
  • Expertise: Dan focuses on tenant advocacy, leveraging his extensive knowledge of the commercial real estate market to provide clients with strategic insights and negotiation support. His responsibilities include guiding tenants through the complexities of leasing, from property search to lease execution.

Role and Responsibilities

  • Tenant Advocacy: Dan represents tenants exclusively, unlike traditional agents who may also represent landlords. This specialization allows him to prioritize his clients' interests and negotiate effectively on their behalf.
  • Market Knowledge: He possesses a deep understanding of local market dynamics, enabling him to identify suitable properties and negotiate competitive lease terms.
  • Negotiation Skills: Dan employs advanced negotiation tactics to secure favorable conditions for tenants, including rental rates and lease flexibility.

Importance of Tenant Representation

Tenant representation is crucial in commercial real estate as it ensures that tenants have a dedicated advocate who understands their specific needs and can navigate the complexities of the leasing process effectively. This role is particularly significant in a competitive market where tenants may face challenges without professional guidance.

Dan Johnson's expertise in tenant representation positions him as a valuable resource for businesses looking to optimize their leasing strategies and secure ideal commercial spaces.

Highlights

May 8 · linkedin

Positive news to report for the San Francisco commercial real estate market and city in general!

Crime is down about ~30% across the board in 2024. Both property crime and violent crime are down significantly.

All neighborhoods except Noe Valley, including where most of the commercial office tenants are (FiDi, SOMA, Mid-Market, Union Square, Mission) are seeing material improvement.

This improvement in public safety is the first step in the recovery of downtown which is our economic and tax revenue engine. Lots more work to do!

The negative narrative about San Francisco is shifting. You can't talk your way out of the perception problem. But you can flip the script quickly by achieving actual results.

Kudos to Mayor Breed, DA Brooke Jenkins, and the SFPD for getting things done.

May 7 · linkedin

Hard to believe it's May already.

As we quickly approach summer and the halfway point in 2024, where does the San Francisco Office Market stand?

From a 10,000 foot vantage point things are scattered but generally trending upward.... slowly. For savvy buyers, workplace leaders, and companies, there is opportunity abound.

The Good:

  • Demand up to near pre-pandemic 2020 levels
  • Companies prioritizing physical workplace once again as a central part of overall workplace strategy
  • Sales market has opened up. New owners are coming in, resetting basis, and providing the market new leasing opportunities at competitive rents and modernizing & amenitizing stale projects.
  • Narrative on San Francisco is shifting
  • The startup & Innovation ecosystem remains headquartered here

The Bad:

  • Vacancy continues to rise
  • Interest rates remain high
  • Most professional services firms downsizing
  • Construction costs remain prohibitively high

Some of the notable recent deals:

  • Figma renewed 98,000 SqFt lease at 760 Market
  • Adyen leased 150,000 SqFt at 505 Brannan
  • Rippling leased 123,000 SqFt at 430 California Street
  • The city of SF leased 157,000 SqFt at 1455 Market Street
  • Indian Consulate leased 25,054 SqFt at 71 Stevenson
  • Pillsbury Winthrop renewed 100,000 SqFt lease at 4EC
  • KPMG renewed 138,000 SqFt at 55 2nd
  • Goodwin Proctor leased 58,991 at 525 Market

In addition to the larger transactions, there seems to be a significant increase in startup demand 📈. The 1,000-3,000 SqFt requirements of today, will become the 5,000-50,000 SqFt requirements in several years as they receive follow on funding.

Outlook:

  • Vacancy will continue to rise through 2024
  • Smart tenants and investors are taking advantage of the "reset" in property values

Lastly, to end on positive note - the city has been cleaner and there seems to be much more energy downtown. Multiple clients who have toured recently have commented that they were surprised by how "Good" it felt downtown.

Hope the positive momentum continues! I remain optimistic and confident in San Francisco

Raise Commercial Real Estate #SanFrancisco #officeleasing #workplace

Related Questions

What are Dan Johnson's key achievements at Raise Commercial Real Estate?
How has Dan Johnson's career evolved since joining Raise Commercial Real Estate?
What specific strategies does Dan Johnson use to benefit his clients?
How does Dan Johnson's approach to tenant representation differ from others in the industry?
What are some notable projects Dan Johnson has worked on at Raise Commercial Real Estate?
Dan Johnson
Dan Johnson, photo 1
Dan Johnson, photo 2
Add to my network

Location

San Francisco, California, United States