Tri-Valley Office Market Report
|Dir FS Class A Ask Rate||$3.11|
|Availability Rate (%)||3.9|
|Net Absorption (SF)||-272,688|
As of the end of first quarter of 2020 and continuing through most of the second quarter, the market has generally been in a state of paralysis. Overall the Tri-Valley market experienced negative net absorption of 272,688 square feet for the second quarter and negative absorption of 492,534 square feet for the first half of the year. The overall market availability rate has increased by 0.91% from first-quarter 2020 to 14.48% to end second-quarter 2020. Like the first quarter, the majority of negative absorption was centered in the Pleasanton Class A market segment, with a combination of both direct and sublease space.
Download Tri-Valley Office Market Report 2Q20