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Tri-Valley Market Reports

Tri-Valley Office Market Report

 Dir FS Class A Ask Rate
    $2.96
 Availability Rate (%)     12.29
 Net Absorption (SF)  -16,238

The Tri-Valley office market recorded negative net absorption totaling 16,238 rentable square feet during the second quarter of 2017. Most of the negative absorption occurred within Pleasanton's Class A buildings, where direct and sublease space totaling 103,270 rentable square feet became available. Despite this negative absorption, the overall Tri-Valley office and office/flex market ended the quarter statistically flat. The availability rate sits at 12.29% and rents continue to gradually increase across all product types. General leasing activity had been strong up until the middle of June, when it predictably slowed down due to school letting out and summer vacations.

 Dir Avg NNN Asking Rate
     $.63
 Availability Rate (%)
     3.53
 Net Absorption (SF)
 70,477

The Tri-Valley industrial market experienced positive net absorption of 70,447 rentable square feet during the first half of 2017. Approximately 86% of this absorption was experienced in the warehouse product type, which comprises only 61% of the market's total inventory. After falling from 7.8% in the first half of 2016 to 5.4% in the second half (a 31.0% drop in availability), availability dropped even further in the first half of 2017 to 3.5% (a 34.0% drop).



Tri-Valley Office Market Report
2Q17
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Tri-Valley Industrial Market Report
2Q17
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