San Francisco retail market tightens further

San Francisco likely now boasts the tightest retail market in the country, according to DTZ Retail, which reports that the city’s retail vacancy rate dropped to 3.1 percent in the fourth quarter of 2014. For triple-net leased space, asking rents are averaging $59.29 per square foot. In some areas of the city, however, asking rates are as high as $500 per square foot. Read the GlobeSt.com story here

Industry News

Vendor News

Norco Constr. promotes Erik Rappel to COO

General contractor, construction manager and design/builder Norco Construction promoted Erik Rappel to Chief Operating Officer. He most recently served as Norco’s Vice President of Operations, after originally joining the firm in 2017

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Vendor New Products

BITEC Expands Imperflex Line with New Base Sheet

BITEC, Inc. will be introducing its Imperflex® SA2 two-square self-adhered base sheet at the International Roofing Expo (IRE) in February, in response to contractor requests for a two-square option for installing BITEC’s popular Imperflex self-adhered

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