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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

The Contra Costa County industrial market ended the year with 212,122 square feet of positive net absorption, which included 8,668 square feet of negative net absorption in the fourth quarter. The current availability rate for Contra Costa County now sits at 5.7%, with a majority of the vacancy still stemming from the United Spiral plant at 900 East Third Street in Pittsburg (357,000 rentable square feet). The Concord, Martinez/Pacheco and Pleasant Hill industrial markets are especially tight, with all posting availability rates below 2.0%.

 Direct Avg NNN Asking Rate (Price/SF)
      $ .74
 Total Availability Rate (%)
       6.66
 Net Absorption (SF)
-424,282


North I-680 Office Market Report
3Q17
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North I-680 Industrial Market Report
4Q17
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