A Journey to Recovery
The Tri-Valley office market continues to recover
from the disruption caused by the pandemic. As companies slowly make their way back to the office, vacancies across all classes witnessed little to no improvement, reporting an overall 14.4 percent vacancy by the end of the fourth quarter. Overall average asking rates inched upward 4.3 percent year-to-year driven by the influx of flex available space offered at premium rates.
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