2021 Q1 Pleasanton-Tri-Valley Office Market Research Report

On the Road to Recovery

MR_PLS_Q1_2021_OFC Following the downturn of 2020, the Tri-Valley office market struggles to recover. With more than a year into the pandemic, companies are ready to get back into the office. Until the new normal working environment is established, the return of employees to the office will be a slow recovery process throughout 2021. Since the beginning of the pandemic, vacancy rates increased 3.7 percentage points to 14.6 percent from a year ago; resulting in an occupied loss of 204,000 SF of net absorption for the quarter. Currently, there is an additional 2.0M SF of direct and sublease occupied space on the market. If vacant, the overall vacancy rate in the Tri-Valley office sector would be 16.3 percent.

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2021 Q1 Pleasanton/Tri-Valley Office Market Research Report

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Lisa Kohler

Senior Research Analyst

Pleasanton

Call now +1 925 227 6236

Lisa is a member of the highly acclaimed Pleasanton Administrative team.

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Michael Carrigg

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Mike is extremely committed to fostering relationships with his clients, as evidenced by the high level of service he provides before, during and well beyond any transaction. He is a man of high integrity and is a fun person to work with.

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