San Joaquin Office Market
The San Joaquin County office market vacancy increased by 70 basis points in the fourth quarter of 2022 to 8.8 percent. Net absorption for San Joaquin County in the fourth quarter totaled negative 52,996 square feet with year-to-date totaling 9,869 square feet. Sales volume for the county totaled $13.7 million represented by 9 transactions with an average sale price of $195 per square foot. The overall average asking lease rate for the entire county decreased to $1.82 per square foot monthly, full service gross.
Would you like to have future reports delivered directly to your inbox? Sign-up to this and other regional e-mail delivery lists.