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2021 Q1 Walnut Creek Industrial Market Research Report

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Industrial Image - Steel Rolls
By Cristian Villarreal

Slow and Steady

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As we turn the page on the first quarter of 2021, not much has changed. The overall vacancy rate decreased to 5.5 percent from 5.6 percent the previous quarter. Rental rates decreased to $0.88 from $0.90 across the same period, the first decrease in a year. Despite this, the region began the year with 24,919 square feet of positive net absorption. Four sales occurred during the quarter, which is on par for typical quarters.

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2021 Q1 Walnut Creek Industrial Market Research Report

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Cristian Villarreal | Colliers | Walnut Creek

Cristian Villarreal

Research Analyst

Walnut Creek

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Cristian Villarreal is Colliers International's Market Research Analyst for the Walnut Creek office. Cristian is responsible for maintaining, verifying and updating the commercial property database inventory, including available and comparable records, and creating and publishing  quarterly reports.

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Scott Ellis | Colliers | Walnut Creek

Scott Ellis

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+1 925 279 5575
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Scott originally started his career in commercial real estate at Grubb & Ellis, where he served for 20 years as Office Division Director.  Scott then joined Colliers Parrish International in Walnut Creek in 2000 where he spent 11 years as Senior Vice President and Office Division Director and recently returned as Executive Managing Director. 

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