Demand and Conquer
A strong Northern California Central Valley industrial real estate market in San Joaquin County continues to exhibit record activity as the first quarter of 2021 closes with vacancy decreasing by 140 basis points to 6.5 percent. A total of five transactions greater than 100,000 square feet were executed totaling 1.87 million square feet, removing three institutional quality vacant industrial buildings from the market. Four Class A, big box warehouses in San Joaquin County remain available at the close of the quarter. Vacancy is down 50 basis points YOY from the first quarter of 2020 as COVID-19 entered pandemic levels.
Would you like to have future reports delivered directly to your inbox? Sign-up to this and other regional e-mail delivery lists.