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2021 Q4 Pleasanton/Tri-Valley Office Market Research Report

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A Journey to Recovery

MR_PLS_21Q4_OFC175x227The overall vacancy in the Tri-Valley remains relatively flat throughout 2021. The addition of large direct available spaces in the fourth quarter increased the vacancy 130 basis points to 14.4 percent from the previous quarter. Marketwide, the Tri-Valley reported a net occupancy loss of more than 128,000 square feet, resulting in an overall net occupancy loss of more than 340,000 square feet year-to-date. On a positive note, sales activity picked up in the fourth quarter with three transactions totaling more than 84,000 square feet at an average of $254 per square foot. Asking rates decreased $0.01 year-over-year to $2.76 full service, a 1.1 percent increase from the previous quarter.

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2021 Q4 Pleasanton/Tri-Valley Office Market Research Report

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Related Experts

Lisa Kohler

Senior Research Analyst

Pleasanton

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

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Michael Carrigg

Executive Managing Director & SVP

Pleasanton

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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