Commercial Real Estate Market Report
Silicon Valley remains the heart of California’s economic
expansion and the region’s commercial property markets are
reaping the benefits. November 2019 marked California’s 117th
consecutive month of job growth, the longest on record.
The fourth quarter experienced a slight uptick in vacancy to 10.2 percent from 9.9 percent in the previous quarter.
The Tri-Valley industrial market finished an already strong 2019 with a very significant lease transaction to Amazon.
The overall vacancy rate for all property types across the San Francisco Peninsula increased from 4.2 to 5.4 percent, while rents trended in different directions relative to property type. The weighted average asking rate for research & development (
As workforce and economic development bring about a vital, innovative, and globally competitive market within the I-80/880
Corridor, we continue to see low office vacancy rates and gradually climbing asking rents.
The I-80/880 Corridor industrial market vacancy remains historically low and stable at just 2.9 percent.
Nearing the end of 2019, it looks like we can safely say that it was a pretty good year for Southern Nevada’s economy, despite some signs of slowing growth.
The Central Valley Office Market remained stable throughout the third quarter. While the second quarter of 2019 saw the largest net absorption in nearly a year, the third quarter cooled off a bit which is reflected in the unchanged vacancy rate from
The overall vacancy rate for the San Joaquin County industrial market for direct vacant space at the close of the third quarter of 2019 equaled 5.7 percent, 6.7 percent including available sublet space. The 60 basis point increase in the vacancy rate
The overall vacancy rate for the San Joaquin County industrial market for direct vacant space at the close of the third quarter of 2019 equaled 5.7 percent, 6.7 percent including available sublet space. The 60 basis point increase in the vacancy rate
