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2021 Q4 Stockton/Central Valley Office Market Research Report

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San Joaquin Office Market

MR_SCK_21Q4_OFC_175x227The San Joaquin County office market vacancy increased by 10 basis points in the fourth quarter of 2021 to 8.5 percent. Net absorption for San Joaquin County in the fourth quarter of 2021 totaled negative 11,329 square feet, adjusting the year-end total to negative 77,248 square feet. Sales volume for the county totaled $8,942,000 represented by 11 transactions with an average sale price of $243.16 per square foot. Two office development projects remain underway totaling 75,000 square feet, with one located in Manteca and the other in Tracy. The overall average asking lease rate for the entire county increased to $1.76 per square foot monthly, full service gross.

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2021 Q4 Stockton/Central Valley Office Market Research Report

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Kyle Mecker

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Michael Goldstein

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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.

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