2021 Q2 Pleasanton/Tri-Valley Industrial Market Research Report

An Improving Market as Vacancy Decreases and Rental Rates Climb

MR_PLS_21Q2_IND_175x227 The Tri-Valley industrial market remains resilient a year after the beginning of the pandemic. Though marketwide vacancy levels increased 60 basis points year over year, high demand for warehouse product leading to strong leasing activity, resulted in a decrease in vacancy of 10 basis points to 7.5 percent since last quarter. Asking rates continue their upward trajectory, increasing 7.0 percent to $0.89 per square foot, triple net in twelve months. Completed construction in the second quarter added to the vacancy; however, a handful of lease and sale transactions resulted in a positive net occupancy gain of 56,636 square feet in the second quarter. Quarterly deal volume registered 223,270 square feet, a 46.0 percent increase in twelve months.

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

2021 Q2 Pleasanton/Tri-Valley Industrial Market Research Report

Download Report

Related Experts

Lisa Kohler

Senior Research Analyst

Pleasanton

Call now +1 925 227 6236

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

View expert

Michael Carrigg

Executive Managing Director & SVP

Pleasanton

Call now +1 925 227 6220

Call Mobile +1 510 681 3182

Mike has been with Colliers since 2001. His focus is on representing both corporate tenants and institutional landlords in the East Bay with their local and national real estate needs. He acts as a single point of contact, assisting his clients with acquisitions, dispositions, lease negotiations, financial analysis, market analysis, lease administration and portfolio strategy.

Mike has negotiated over 1,000 separate lease and/or sale transactions totaling in excess of $250,000,000 total transaction value. His vast experience in the market and the relationships he has developed give Mike first-hand knowledge to smoothly guide a client through the transaction process – from market analysis and economics to the eventual lease or sale negotiation.

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.

View expert