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Tri-Valley Market Reports

Tri-Valley Office Market Report

 Dir FS Class A Ask Rate
    $3.01
 Availability Rate (%)     14.10
 Net Absorption (SF) -321,268

The Tri-Valley market ended the first quarter of 2018 with negative net absorption of 321,268 rentable square feet bringing the overall vacancy rate up by 1.24% to 14.10%. Although this is the largest negative net absorption in a single quarter since the third quarter of 2015, leasing activity has remained strong. Almost 35% of this negative absorption resulted from Bank of the West offering a sublease of 81,992 rentable square feet in Bishop Ranch and SmartZip Analytics marketing 35,905 rentable square feet for sublease at Rosewood Commons. This is a slight setback in what would otherwise be two years of strong demand.

 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
1Q18
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Tri-Valley Industrial Market Report
2Q17
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