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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 Central Valley Market Reports

Office Market Report
The Tipping Point

2017 Q3 | Stockton Office | Market Report
The Northern California's Central Valley office market vacancy rate increased slightly to 10.7 percent at the close of the third quarter. Available Class A office product decreased 160 basis points to 13.4 percent, pushing average asking lease rates up to $1.97 per square foot, full service gross. The vacancy rate for Class B product increased to 10.5 percent with 35,067 square feet becoming available at 110 East Weber Street after Bank of America vacated the building. Average asking lease rates for Class B office space remained flat from the previous quarter. The vacancy rate for Class C office product decreased slightly by 20 basis points to 3.9 percent and average asking lease rates remained at $1.18 per square foot, full service gross. Construction completed at the 306,000 square foot Stockton Courthouse this quarter after major delays during the inspection process. Net absorption for San Joaquin County during the third quarter totaled 257,883 square feet, increasing the year-to-date net absorption to 304,054 square feet.

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

Industrial Market Report
Will Current Speculative Construction Satisfy Demand?

2017 Q2 | Stockton Industrial | Market Report
The Northern California’s Central Valley industrial market continues to experience a dramatic increase in speculative construction. The vacancy rate in San Joaquin County decreased to 4.8 percent. In order to meet demand, over 6.1 million square feet of new industrial construction is currently underway. Of the 2.5 million square feet of speculative construction to be delivered in the third quarter, 1.6 million square feet has already been pre-leased. Average asking lease rates continue to be driven upwards, with landlords realizing the value associated with limited available space. Newly delivered Class A developments command a premium over second and third generation space. The average asking lease rate for San Joaquin County increased by $0.03 from the previous quarter to $0.48 per square foot, triple net.

To read more, download the full Q2 Industrial Market Report.

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