Home > Research > U.S. Market Reports Detail

U.S. Market Reports

Fresno Market Reports

Fresno Office Market

Average Asking Rent (Price/SF)     $1.66
Vacancy Rate (%)    11.7%
Net Absorption (SF)  14,448

The fourth quarter of 2017 ended a year filled with new construction and growth while maintaining a steady and healthy level of tenant movement and vacancy in all submarkets of Fresno. Most major submarkets remained stable with little to no movement. The largest jump occurred in the East Shaw submarket, where vacancy rates increased from 17.5% to 19.2%. This increased vacancy could stem from multiple factors, including building ownerships changing hands and the rehabbing of buildings with a fresh new look for the new year, as well as tenants moving to submarkets in the northern end of town. Almost all other submarkets remained 0.5% above or below the previous quarter's vacancy rate. Overall, the Fresno market saw a slight drop in the vacancy rate, from 11.8% in the third quarter to 11.7%.

Fresno Industrial Market

Average Asking Rent (Price/SF)       $0.35
Vacancy Rate (%)         6.5%
Net Absorption (SF)     38,088

Midway through 2016, the industrial market is doing well. As with most California industrial markets, the regional marketplace, including Fresno and Visalia, is absorbing space and experiencing increasing values. Demand for existing space across most product types is steady and supply is decreasing. The results are expected: New development is occurring and asking prices are increasing. Concerns about ag-related businesses scaling back operations due to the drought have not materialized, which bodes well for the region, especially if there is a wet winter and spring. Overall, the sentiment in the market is that the local and regional economy is reasonably strong, and there are few concerns that negative changes are on the horizon.

Fresno Office Market Report
Download the PDF

Local Market Contact:

General Research Inquiries: