Empowering Landlords and Businesses Across Silicon Valley

The Tri-Valley Industrial market comprised primarily of Livermore, Dublin and Pleasanton, displays positive indicators of robust market fundamentals. Increased space availability, whether through direct listings or subleases, has broadened tenants’ choices and provided a margin for negotiation. With no new construction on the horizon, the increase in vacancy rate continues to benefit the occupier, who had virtually no options due to a lack of inventory just 4-quarters ago.

Many landlords recognize this shift and embrace a “Let’s find a way to make this deal” approach to bolster occupancy rates. While rental rates have seen a slight decline, there’s a discernible equilibrium where transactions are occurring at levels significantly higher than pre-pandemic times. We anticipate continued decently strong demand, projecting this trend to persist into Q2 2024 and beyond, maintaining optimism for the market’s trajectory.