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North I-680 Market Reports

I-680 Office Market Report

A healthy quantity of tenant requirements, many originating from outside of the market, started in mid-August and carried through September. This is promising news, since tenant activity has been lukewarm at best throughout 2017. Several leases were signed, and more are expected to be completed by the end of the year.

Direct FS Asking Rate (Price/SF)      $2.82
Total Availability Rate (%)         12.9
Net Absorption (SF) -266,513

I-680 Industrial Market Report

Contra Costa County posted 106,574 square feet of net absorption during the third quarter of 2017, bringing year-to-date net absorption to positive 220,790 square feet. As the market continues to tighten, the overall availability rate for Contra Costa County industrial product sits at 5.58%, with a majority of the available space deriving from 900 East Third Street in Pittsburg (357,000 square feet). This is a slight decrease from the prior quarter, when the availability rate was 6.1%. Pleasant Hill, a stagnant market in previous quarters, saw its availability rate drop from 6.56% to 0.69% during the third quarter.

 Direct Avg NNN Asking Rate (Price/SF)
      $ .74
 Total Availability Rate (%)
       5.64
 Net Absorption (SF)
875,726


North I-680 Office Market Report
3Q17
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North I-680 Industrial Market Report
3Q17
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