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2022 Q2 Pleasanton/Tri-Valley Office Market Research Report

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Increased Momentum Reveals Positive Gains

MR_PLS_Q2_2022_OFCThe Class A office market vacancy improved 80 basis points to 16.5 percent quarter-to-quarter. Asking rates remain relatively flat at $3.14 per square foot; an increase of nearly 3.0 percent in twelve months. As large blocks of space afflicting the office market for several quarters were absorbed by tenants relocating within the Tri-Valley, absorption reported positive net gains of 126,030 square feet in four quarters. Year-to-date gross absorption of nearly 300,000 square feet in the second quarter, marked an improvement of 153.0 percent in one year.

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2022 Q2 Pleasanton/Tri-Valley Office Market Research Report

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