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Tri-Valley Market Reports

Tri-Valley Office Market Report

 Dir FS Class A Ask Rate
    $2.77
 Availability Rate (%)       12.8
 Net Absorption (SF) -84,704

As the fourth quarter of 2019 drew to a close, we saw the Tri-Valley office market moving in several different directions. Whereas some product types and amenity-rich Class A projects continued to flourish, others experienced an increase in vacancy and stagnant rent growth. Statistically speaking, the quarter experienced 84,704 square feet of negative absorption, bringing the overall fourth-quarter availability rate 12.83%. Let's pause for a moment, because historically speaking, the 12.83% availability rate is a strong number. Even more so, when we back out the sublease availability from this overall amount the direct available vacancy is 9.75%, which continues to be the lowest we've seen for the last 10 years.

 



Tri-Valley Office Market Report
4Q19
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