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Pleasanton Industrial Market Research Report Q4 2022

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Low Vacancies and Peak Asking Rates

MR_PLS_Q4_2022_INDThe Tri-Valley industrial market has not witnessed a remarkably low vacancy of 2.3 percent since early 2018. The incredible demand for warehouse product type over the last few years consumed almost any vacancy the industrial market carried in the previous quarters. Continued demand with limited available space pushed the overall asking rates upward, increasing nearly 40.0 percent in one year to $1.18 per square foot NNN. The market has seen seven consecutive quarters of positive net occupancy gains and year-to-date marketwide absorption reported nearly 500,000 square feet at the close of the fourth quarter.

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Pleasanton Industrial Market Research Report Q4 2022

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Related Experts

Lisa Kohler

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Pleasanton

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

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Michael Carrigg

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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. 

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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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