Gordon L'Estrange speaks at BISNOW San Francisco

POSTED BY Allen Matkins LLP

Gordon L'Estrange, Senior Associate at Lionakis, expects to see a new crop of biz heading to north of Market. As the booming tech market in SoMa gets squeezed and rents rise, he thinks institutional money will come in and buy buildings in traditional, old North of Market areas. As a result, renovation is going to be a part of the next cycle, he says, and he's advising clients on how to get their buildings ready for that. As housing heats up, he wonders whether ideas like micro units will still be around in five to 10 years if the market settles.