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North I-680 Market Reports

I-680 Office Market Report

The second quarter statistical results were well in line with the historical norm. There were no dramatic changes to the market, which has now continued at the same slow and steady pace for the last nine months. During that time, one event greatly skewed the numbers - Wells Fargo vacating 120,000 rentable square feet of Class B space in Downtown Walnut Creek in first quarter 2018.

Direct FS Asking Rate (Price/SF)      $2.96
Total Availability Rate (%)        14.8
Net Absorption (SF)   77,307

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
2Q18
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North I-680 Industrial Market Report
4Q17
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