San Joaquin Office Market
The San Joaquin County office market vacancy decreased by 110 bas is points in the third quarter of 2022 to 8.1 percent. Net absorption for San Joaquin County in the third quarter totaled 80,851 square feet with year-to-date totaling 62,865 square feet. Sales volume for the county totaled $8.7 million represented by 11 transactions with an average sale price of $114 per square foot. The overall average asking lease rate for the entire county increased to $1.85 per square foot monthly, full service gross.
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