Empowering Landlords and Businesses Across Silicon Valley

The Bay Area industrial market, including the submarket stretching the East Bay I-880 corridor from Richmond to Hayward, continues to experience a tick up as new deals have slowed and the large pipeline of new construction comes online. Renewals lead the way in terms of the largest transactions this quarter, meanwhile lease rates hold steady.

Demand out paces the inventory for the sale of owner/user buildings under 50,000 square feet, which has steadied sale pricing — despite a decrease in year over year sale volumes. Investment sale market remains stagnant with very few transactions underway.