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Tri-Valley Market Reports

Tri-Valley Office Market Report

 Dir FS Class A Ask Rate
 Availability Rate (%)        11.5
 Net Absorption (SF)  -34,215

Overall, the Tri-Valley office and office/flex market started 2019 on a relatively flat note. This is an expected result as the fourth quarter of 2018 experienced 132,872 square feet of positive absorption, and, as we have mentioned before, the timeline to complete lease transactions has become drawn out due to challenges with tenant improvements. The office/flex market segment posted negative absorption for the first time since the second quarter of 2018. The driver of this negative absorption was a combination of corporate consolidations, acquisitions and give-back space. Meanwhile, the Class A office submarket had positive net absorption for the third quarter in a row which can be partially attributed to growth in the technology industry.


Tri-Valley Office Market Report
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