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South Peninsula Market Reports

South Peninsula Office Market Report

Average NNN Asking Rent (Price/SF)       $5.20
Availability Rate (%)         7.0%
Net Absorption (SF)     -80,215

Rental rates remained flat quarter over quarter while leasing volume was up and availability dropped, continuing the regional trend of constrained supply. The second quarter showed a propensity among existing tenants in the markets to remain and expand. As in the first quarter, the South Peninsula had a number of large lease transactions and solid capital markets activity.

South Peninsula R&D Market Report

Average NNN Asking Rent (Price/SF)       $4.39
Availability Rate (%)         4.7%
Net Absorption (SF)   171,301

Asking rents rose for the first time since the third quarter of 2017, increasing from $4.25/SF triple net in the first quarter of 2018 to $4.39/SF triple net in the second quarter. Availability dropped to 4.7%, hitting the sub-5.0% milestone. Supply constraints have kept conditions compressed for the first half of 2018, which has left large-block tenants struggling to expand and/or enter this market.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



South Peninsula Office Market Report
2Q18
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South Peninsula R&D Market Report
2Q18
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