RES 88440 - Laserfiche WebLink

Mr. John Steinbuch March 23, 1988 Page 2 Competincj Communities Considered: During the search by these companies for relocation space, 70%-of the other communities considered were in the East Bay. Of these communities, almost all were in the Interstate 680 corridor. 5an Ramon and Walnut Creek were three times as likely to be considered as any other competing community. Own / Lease: Of the 16 respondents, only six owned their space versus ten which leased. However, the six that owned the space accounted for 1.65 million square feet, or 76% of the total. This illustrates that the larger the need, the more likelihood that the prospect will choose to buy rather than lease. In several cases, the purchasers saw Pleasanton as an excellent investment in real estate for their company. Employment Growth: The total number of employees represented by these companies was 6,800. This equates to approximately one person for every 250 square feet which was used. Growth in both employees and space ranged from zero to 600% since their relocation. Average growth for these companies would probably be in the 20% per year range. This is higher than normal and correlates with several of the reasons companies have relocated here. Primary Activity at Location: The major function of their local offices were in descending order of frequency. I, Administration 2, Sales 3, Research and Development 4. Headquarters Operation Business Relocated From: With the exception of two respondents, one of which was a new business, all of the companies have relocated from elsewhere in the Bay Area. The single location from which more companies moved than any other was San Francisco, with four companies coming from the City. Seven respondents, over one-half of those relocating, were formerly in other East Bay communities. Most of those relocations were from along the Interstate 680 corridor.