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South Peninsula Market Reports

South Peninsula Office Market Report

Average NNN Asking Rent (Price/SF)       $5.37
Availability Rate (%)         7.3%
Net Absorption (SF)   981,612

The South Peninsula office market, which consists of approximately 34.5 million square feet of office product that spans five cities from Redwood City to Mountain View, closed out 2017 with a very strong quarter. Year-over-year, the South Peninsula experienced inventory growth of 2.5% and a decline in asking rent of 6.1%, while vacancy remained flat. Gross absorption totaled approximately 4,314,794 square footage for the year, bringing net absorption to a positive 284,195 square feet for 2017.

South Peninsula R&D Market Report

Average NNN Asking Rent (Price/SF)       $4.52
Availability Rate (%)         4.5%
Net Absorption (SF) 199,443

The South Peninsula R&D market, which consists of approximately 30.7 million square feet from Redwood City to Mountain View, ended 2017 on a strong note. Year-over-year, total R&D inventory grew 1.1%, asking rent grew 14.38%, and vacancy stayed flat in the low single digits. The total gross absorption in 2017 was 1,924,919 square feet, leaving a total negative net absorption of 615,739 square feet.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



South Peninsula Office Market Report
4Q17
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South Peninsula R&D Market Report
4Q17
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