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South Peninsula Market Reports

South Peninsula Office Market Report

Average NNN Asking Rent (Price/SF)       $5.36
Availability Rate (%)         7.2%
Net Absorption (SF)      -4,009

The South Peninsula office market, which consists of approximately 34.7 million square feet of office product that spans five cities from Redwood City to Mountain View, started 2018 with a first quarter that was relatively stable in terms of overall vacancy and asking rates.

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
1Q18
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South Peninsula R&D Market Report
4Q17
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