Commercial Real Estate Market Report
Office vacancy continued to decrease in Reno/Sparks, dropping to a very healthy 10.1 percent in the fourth quarter of 2019, down from 11.8 percent
in the fourth quarter of 2018.
Office vacancy continued to decrease in Reno/Sparks, dropping to a very healthy 10.1 percent in the fourth quarter of 2019, down from 11.8 percent
in the fourth quarter of 2018.
As we wrap up 2019 and move into the new year, the North
I-680 Corridor industrial market remains very tight.
Uptick in Sales, Downtick in Leases
A Decade of Expansion and Absorption
The Central Valley office Market closed out 2019 on fire. The fourth quarter was one of the strongest quarters in the office market’s recent history, where vacancy tightened down to 7.3 percent, and rates rose by $0.16 per square foot.
For the past several years, the North I-680 Corridor has seen
tremendous growth in the office market.
The overall vacancy rate for the San Joaquin County industrial market increased by 20 basis points during the fourth quarter of 2019 totaling 6.9 percent at the close of the quarter.
The fourth quarter’s gross absorption was highlighted by several transactions.
The fourth quarter’s gross absorption was highlighted by several transactions.
