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San Francisco Office Brokerage Team

Walker | Vix Team
Contact

Jim Walker

Senior Vice President T 415.229.8910 LIC N° 01750435 jim.walker@kidder.com vCard View Profile

Scott Vix

Senior Vice President | Shareholder | CCIM, SIOR T 415.309.4015 LIC N° 01407761 scott.vix@kidder.com vCard View Profile

Bruce McLellan

Executive Vice President | Shareholder T 415.229.8981 LIC N° 00879071 bruce.mclellan@kidder.com vCard View Profile

Kate Schmitz

Associate T 415.229.8905 LIC N° 01998222 kate.schmitz@kidder.com vCard View Profile
team walker icons

 
With more than 70 years of experience in the Bay Area, our veteran brokerage team of James Walker, Scott Vix, Bruce McLellan and Kate Schmitz specializes in landlord representation of historical low and mid-rise buildings and commercial sales in the San Francisco Union Square and North Financial District sub-markets. Our team has completed over 1,500 transactions with a total value in excess of 1.5 billion dollars.

Our Approach

Working as a team affords us distinct advantages over agents and brokers who work individually. We bring to the table a broad set of skills that allow us to provide not only cutting-edge marketing for our clients’ assets but also a deep understanding of the 10,000 square foot and under tenant pool that fit their buildings. We use a proactive marketing approach in identifying and securing new tenants for our clients. That approach includes the following:

1. We invest in our clients’ projects by providing cutting edge specific building branded websites, drone exterior and interior videos, professional photos, and 3D virtual tours to pre-qualify any potential tour candidates and provide maximum marketing exposure for the listing.

2. Leveraging the marketing over multiple platforms such a CoStar, LoopNet, Craigslist, 42 Floors, ROFO, etc.

3. Unlike other firms and leasing teams, we actively track tenants in market under 10,000 square feet and identify tenants either by preferred industries, similar square footage and/or buildout requirements as our listings in order to reach out to tenants on a direct basis.

4. We engage the brokerage community on a weekly basis with our marketing in the form of broker blasts and direct follow up concerning potential tenants they have in or coming to market.

5. Weekly reporting to our clients tracking both inbound inquiries, tours and direct tenant out-reach.

Kidder Mathews is the largest, independent commercial real estate firm on the West Coast, with over 900 real estate professionals and staff in 21 offices in Washington, Oregon, California, Nevada, and Arizona. The firm offers a complete range of brokerage, appraisal, property management, consulting, project and construction management, and debt equity finance services for all property types.

Meet the Team

jim walker team member headshot

James R. Walker is a licensed California real estate broker specializing in tenant and landlord representation on leasing matters with an emphasis on office requirements. With 15+ years of experience in the Bay Area market, James has successfully completed over 500 leasing transactions. As a landlord representative, James’ focus is on historical low & mid-rise, multi-tenanted office buildings in the San Francisco central business district. He has over 13 years’ experience in representing office with retail component projects ranging from 5,000 – 125,000 square feet.
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scott vix team member headshot

Scott is a dedicated commercial real estate agent with 19 years of experience leasing and selling commercial buildings in San Francisco. He has successfully executed 500+ client transactions totaling more than 5,000,000 square feet. Scott is focused on representing small to midsized office and industrial buildings owned by individuals, families, and investment companies. He is a licensed California Real Estate Salesperson, Certified Commercial Investment Member CCIM, and a member of the Society of Industrial and Office Realtors SIOR.
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bruce mclellan headshot

Bruce McLellan has over 35+ years of commercial real estate experience in the San Francisco Bay Area, representing building owners. A majority of his work has been in the San Francisco Bay Area with a primary focus on historical low and mid-rise buildings. The scope of his leasing transactions has varied in size from as small as single office (150 sq ft) to over 400,000 SF.
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kate schmitz team headshot

Kate Schmitz joined Kidder Mathews in January of 2018. Working on the brokerage team, Kate represents a broad spectrum of industries throughout the Bay Area and specializes in industrial, retail, office and medical space.
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Team Stats

70+
Years of combined experience
1500+
transactions completed
$1.5B
Overall transaction total

Select Client List

  • 28 Geary Associates LLC
  • 450-466 Geary LLC
  • Adcentric
  • Castle Global
  • Folsom Properties
  • K&H California
  • Mitsubishi International
  • Moore Investment Partners
  • Venice Beach Town Home
  • Western Management Partners
  • Wingsky LLC

Available Properties

Testimonials

Marty Smith

I’ve worked with Jim for many years as the leasing broker for several of the properties that we manage in San Francisco. He and his team are really pros. They understand the market and more specifically the properties that are the direct competition to our buildings. Most important, they deliver results fast and keep our buildings full. Their attentiveness to our properties is greatly appreciated by our management team and the property owners. It’s great working with Jim. I would recommend Jim and his team to anyone.

Sandi Hyman

The words leasing broker can sometimes conjure up a sense of dread however, working with Scott Vix over the past 10 years has been an exception to the rule. Prior to Scott assisting our family real estate portfolio, assistance was pitiful. He has been the consummate professional from day one.

Not only did Scott take our occupancy from 75% to 100%, he did it with integrity and respect for all parties utilizing his exceptional verbal and written skills. Even after tenant transactions were complete, tenants always spoke highly of Scott's abilities.

In my experience, Scott has proven himself to be an honest and hard­working man who also happens to love his family. I trust him without hesitation and would highly recommend him.

San Francisco Office Report Newsletter

Q1 2024 Market Overview

The San Francisco office market recorded its tenth consecutive quarter of negative net absorption. Total negative absorption for the quarter was 900,000 square feet, representing a 59% decrease in negative absorption quarter over quarter. This decrease in negative absorption is attributable to the nearly six million square feet of “tenant in the market” requirements in Q1 2024. This is an increase from four million at the end of Q4 2023. Citywide vacancy rates increased once again and are currently in the 33% to 36% range, while the market-wide availability rate has topped 39%. The Kastle “back to work” barometer continues to show San Francisco as a lagging indicator (41.8% for the week of 4/3). These numbers line up with current daily BART ridership compared to pre-covid.

Leasing activity for Q1 2024 totaled 1.4 million square feet, down from 2.1 million square feet in Q4 2023. This decrease is largely due to the two large AI deals (Anthropic & OpenAI) completed in Q4 2023. We are still experiencing a bifurcated market where the lion share of deals have been in Class A. For Q1 2024, class A made up approximately 68% of leasing transactions. Renewals accounted for nearly 40% of the lease transactions in Q1. We witnessed strong tour activity for requirements under 10,000 square feet. Overall asking rates were down 1.1% quarter over quarter, which represents a slowdown from the 5.5% slide witnessed in Q4, 2023.

 
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For archived reports, please contact the team.

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