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North I-680 Market Reports

North I-680 Office Market Report

The market experienced 50,145 square feet of negative net absorption. This is the largest negative quarterly total since first-quarter 2018. Class A space had a tougher quarter with negative 76,866 square feet, resulting from new sublease space coming onto the market. The total vacancy rate, which includes sublease space, is 14.56%. The total vacancy has been within 1.0% of its current percentage (15.41% - 13.67%) since fourth-quarter 2016.

Direct FS Asking Rate (Price/SF)      $2.93
Total Availability Rate (%)        14.5
Net Absorption (SF)  -50,145

North I-680 Industrial Market Report

The Contra Costa County industrial market ended the first quarter of 2019 with an availability rate of 5.8%. The market has consistently been within 1.0% of this availability rate every quarter since the first quarter of 2015. The county recorded negative net absorption of 89,559 square feet, the majority of which occurred in Concord where Cerus plans to vacate 31,808 square feet at 2550 Stanwell Drive.

After a relatively strong year in 2018, the Solano County industrial market was off to a hot start, ending the first quarter of 2019 with 591,756 square feet of positive net absorption and a 5.43% overall availability rate. This marks the first time since the second quarter of 2016 that Solano County recorded a lower overall availability rate than Contra Costa County.

The Napa County industrial market finished the first quarter of 2019 with an overall availability rate of 3.12% and negative net absorption of 8,220 square feet, with most of the activity taking place in the city of Napa.

 Direct Avg NNN Asking Rate (Price/SF)
     $0 .72
 Total Availability Rate (%)
           5.0
 Net Absorption (SF)
  484,007

 



North I-680 Office Market Report
1Q19
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North I-680 Industrial Market Report
1Q19
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