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Tri-Valley Market Reports

Tri-Valley Office Market Report

 Dir FS Class A Ask Rate
      $3.09
 Availability Rate (%)         14.6
 Net Absorption (SF) -142,691

The Tri-Valley office and office/flex market recorded a negative net absorption totaling 142,691 rentable square feet during the second quarter of 2018. This brought the market's year-to-date total absorption to negative 463,959 rentable square feet. Despite six consecutive quarters of negative absorption, mid and large-sized tenant demand remains strong in office and office/flex product types. The overall availability rate for the Tri-Valley increased slightly this quarter to 14.6%.

 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
2Q18
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Tri-Valley Industrial Market Report
2Q17
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