Tri-Valley Office Market Report
|Dir FS Class A Ask Rate||$2.72|
|Availability Rate (%)|
|Net Absorption (SF)||-469,012|
Statistically, the third quarter closed with a slightly higher vacancy. Overall net absorption totaled negative 469,012 square feet, bringing the overall year-to-date negative absorption to 688,858 square feet. For reference, the first six months of the 2007 recession brought on 437,363 square feet of negative absorption, and the same time period for the start of the dot-com recession brought 226,134 square feet of negative absorption. Apart from two large downsizes contributing to the majority of negative absorption for the quarter, activity has been slow and relatively unchanged.
Download Tri-Valley Office Market Report 3Q20