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Tri-Valley Market Reports

Tri-Valley Office Market Report

 Dir FS Class A Ask Rate
    $3.00
 Availability Rate (%)     12.86
 Net Absorption (SF) -162,068

Overall, the Tri-Valley office and office/flex market ended 2017 on a relatively flat note. The office/flex market segment continues to outperform other traditional office space, and the Class A market segment's glut of large blocks of space is expanding. The Tri-Valley ended the fourth quarter with a negative absorption of 136,684 square feet, bringing the year-to-date absorption to negative 272,874 square feet. This negative absorption is misleading, however, as several buildings are currently marketing spaces as available even though the existing tenants have not yet vacated or signed new leases. As these tenants sign new leases, it will be possible to account for their positive absorption effect on the market.

 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
4Q17
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Tri-Valley Industrial Market Report
2Q17
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