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2022 Q2 Stockton/Central Valley Office Market Research Report

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San Joaquin Office Market

The San Joaquin County office market vacancy increased by 90 basis points in the second quarter of 2022 to 9.2 percent. Net absorption for San Joaquin County in the second quarter totaled negative 63,939 square feet with year-to-date totaling negative 17,986 square feet. Sales volume for the county totaled $41.8 million represented by 10 transactions with an average sale price of $130 per square foot. Grupe Holding Company purchased a 146,845 square foot class A office in a partial sale-leaseback located in Lodi. The overall average asking lease rate for the entire county decreased to $1.71 per square foot monthly, full service gross.

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2022 Q2 Stockton/Central Valley Office Market Research Report

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Related Experts

Kyle Mecker

Senior Research Analyst

Stockton

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Michael Goldstein

Executive Managing Director and Vice Chair

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.

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