Market Insights Pleasanton Tri-Valley
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Market insight is the essential ingredient in all of the services we offer. We monitor trends and make projections to help you make critical decisions. Our researchers continuously source and analyze data in every major global market, helping you adapt to drivers outside your industry and region that could impact your business.

Recent Tri-Valley Market Reports

Office Market Report
Quiet Start to Second Half of 2017

2017 Q3 | Pleasanton Office | Market Report
The third quarter 2017 Tri-Valley office campaign fogged a mirror but little else. The hopes of an electric fall after a vacation-laden summer did not materialize in rampant touring or consummated lease/sale transactions. Total market weighted average asking rents across all classes of space are now $2.73 full service gross, up $0.06 from the second quarter 2017 and up $0.26 from a year prior. The total market vacancy rate is 9.9 percent with positive net absorption of 105,388 square feet. Net absorption year-to-date is negative 336,233 square feet, although total market weighted average rents have gone up $0.06 over the same period.

To read more, download the full Q3 Pleasanton Office Market Report.

Pleasanton Industrial
New Construction Offers Hope to Larger Users

2017 Q3 | Pleasanton Industrial | Market Report
The Tri-Valley industrial market continues to be an owner's or landlord's market, given the overall scarcity of existing land and buildings to purchase or lease. Increasingly, tenants are recognizing that staying far ahead of their lease expiration dates is necessary and to their advantage, and increasingly, with the lack of options, tenants are forced to negotiate the best renewal deal they possibly can in a strong landlord market. The overall vacancy rate for light industrial and warehouse buildings in the Tri-Valley region continues its drop to a record low of 0.6 percent. At of the end of September 2017, there was a total of only 169,296 square feet of available industrial product to lease or purchase. Net absorption year-to-date was 133,265 square feet with the current quarter's positive absorption of 21,017 square feet. Given there is very little to purchase or lease, we expect rents and pricing will continue to rise going forward. Currently, there are six industrial projects under construction in the city of Livermore. All of these projects are high-cube, state-of-the-art distribution/manufacturing buildings that can accommodate one relatively large tenant (80,000-265,000 square feet), with little intention, currently, to demise the spaces. The weighted average asking rents overall for Tri-Valley industrial have remained at a high of $0.92 per square foot, NNN; however, average industrial rents range widely, from $0.78 per square foot, NNN, in Livermore, to $1.22 per square foot, NNN, in Pleasanton.

To read more, download the full Q3 Pleasanton Industrial Market Report.

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