Skip to main content Skip to footer

2021 Q3 Stockton/Central Valley Industrial Market Research Report

Download Report
alt=""

Northern California’s Central Valley Industrial Update

MR_SCK_21Q3_IND_175x227The San Joaquin County industrial market vacancy rate decreased by 50 basis points to 5.8 percent by the close of the third quarter of 2021. A number of record breaking sales transactions occurred during the quarter with sub 4 percent cap rates located throughout the county. Net absorption for the county was positive 1,145,293 square feet with leases greater than 100,000 square feet reaching double digits. Gross absorption totaled 3.2 million square feet in the county. Three industrial buildings delivered during the quarter totaling 557,576 square feet, increasing the year-to-date total of completions to 3.2 million square feet. An additional 5.3 million square feet is currently under construction as we approach 2022. Weighted average asking lease rates in San Joaquin County continued to push upwards increasing by $0.02 per square foot to $0.61 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


alt=""

2021 Q3 Stockton/Central Valley Industrial Market Research Report

Download Report
Related Experts

Kyle Mecker

Senior Research Analyst

Stockton

View expert

Michael Goldstein

Executive Managing Director & SVP

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