Walnut Creek Q2 Industrial Market Report & Forecast
Slight Market Improvement in Second Quarter
The North I-680 industrial market improved in the second quarter of 2014 with vacancy decreasing 20 basis points to 7.7 percent. There was a total of 48,912 square feet of net absorption for the quarter. Total asking rents decreased $0.02 per square foot (PSF) to $0.65 PSF. Concord led the market in net absorption with 120,907 square feet, followed by Martinez with 24,080 square feet. Pittsburg gave back the most space with 98,520 square feet of negative net absorption.