Skip to main content Skip to footer

2020 Q1 Stockton/Central Valley Industrial Market Research Report

Download Report
sck_Industrial_D_1536x1040

Northern California's Central Valley Industrial Market Update

MR_SCK_20Q1_IND_175x227The San Joaquin County industrial market, located within Northern California’s Central Valley, observed a 40 basis point decrease in overall vacancy from 7.4 percent to 7.0 percent by the close of the first quarter of 2020. The County experienced a healthy volume of activity during 2019, with 8.3 million square feet of gross absorption and over 5.5 million square feet of Class A industrial space having been delivered. In the first quarter 2020, more than 800,000 square feet of industrial space was absorbed and 4.85 million square feet of industrial development remains under construction. Two large institutional portfolio sales took place this quarter. The first was Prologis' acquisition from IPT of 236 properties in 24 geographic areas across the U.S. The portfolio totaled 37.5 million square feet and was reportedly 96.0 percent leased when the sale closed. The second portfolio sale, including only one industrial building in San Joaquin County but nine properties in total, was the result of Blackstone acquiring 1.32 million square feet from Panattoni Development. Weighted average asking lease rates for San Joaquin County at the close of the first quarter of 2020 remained at $0.55 per square foot, triple net.

Would you like to have future reports delivered directly to your inbox? Sign-up to this and other regional e-mail delivery lists.

Subscribe Here


sck_Industrial_D_1024x972

2020 Q1 Stockton/Central Valley Industrial Market Research Report

Download Report
Related Experts

Kyle Mecker

Senior Research Analyst

Stockton

View expert

Michael Goldstein

Executive Managing Director and Vice Chair

Stockton

I am the Executive Managing Director for the Stockton/Central Valley office of Colliers International. My core focus is representing clients in all aspects of industrial real estate including land sales, investment sales, buyer/tenant site selection and acquisition and landlord/seller marketing and disposition.  I unsurpassed knowledge, strong relationships and credibility in the market creates opportunities for my clients.  Me and my team average more than 100 transactions annually, involving warehouse/ distribution centers, manufacturing facilities, flex buildings, special purpose properties and land throughout the San Joaquin Central Valley.

View expert