2021 Q4 Pleasanton/Tri-Valley Industrial Market Research Report

A Year In Review

MR_PLS_21Q4_IND_175x227 The industrial market had an incredible year, as vacancy levels dropped and asking rates increased. Overall vacancy decreased 120 basis points to 5.2 percent year-over-year, a statistic not reported since Q1 2020. Marketwide absorption recorded positive net gains for the third consecutive quarter, reporting nearly 400,000 square feet year-to-date. Asking rates increased 7.5 percent to $0.86 per square foot compared to one year ago. As deal velocity accelerated in the fourth quarter, the industrial market reported more than half a million square feet in completed transactions, bringing the year-to-date total to 1.2 million square feet.

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2021 Q4 Pleasanton/Tri-Valley Industrial Market Research Report

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Lisa Kohler

Senior Research Analyst

Pleasanton

+1 925 227 6236

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

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Michael Carrigg

Executive Managing Director & SVP

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+1 925 227 6220

+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.

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