Market Reports
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Q4 2024 Tri-Valley Industrial Market Update: Insights for Bay Area Industrial Property Owners
The East Bay Tri-Valley industrial market — which includes Livermore, Dublin, and Pleasanton — closed out 2024 with a relatively stable performance. While leasing and sales activity was flat compared to earlier quarters, the market continues to show resilience, particularly for quality, well-located industrial properties. Vacancy & Absorption Trends Owner takeaway: While vacancy is higher…
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Q3 2024 East Bay Industrial Market Update: Understanding Vacancy Rates and Rental Stability in Bay Area Industrial Asset Class
The East Bay industrial market—anchored by the 880 Industrial Corridor of stretching from the north in Richmond, south through Oakland, Hayward, Fremont, and Newark —experienced a summer slowdown in Q3 2024. While vacancy rates continued to climb, rental rates held steady, and the investment sales market remains strong due to limited available inventory. For owners…
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Q3 2024 East Bay Tri-Valley Industrial Market Update: What Property Owners Need to Know
The East Bay Tri-Valley industrial market — covering Livermore, Dublin, and Pleasanton — showed resilience in Q3 2024. Despite the typical summer slowdown, a handful of notable lease deals demonstrated that tenant demand for modern industrial space remains strong. Vacancy & Absorption Owner insight: Even in a softer leasing environment, well-located, newer industrial assets remain…
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Q2 2024: Analyzing Negative Absorption in the Silicon Valley Industrial Market
Are Shifting Market Trends Cause for Landlord Concern? The Silicon Valley submarket is comprised of Santa Clara County, including communities of Milpitas, San Jose, Morgan Hill, and Gilroy. The industrial market showed mixed performance in Q2 2024. While demand for high-quality logistics and warehouse space remains, new deliveries in South Santa Clara County have pushed…
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Livermore’s 475,000 SF Industrial Project and Market Trends
The Tri-Valley Industrial market remained stable in Q2 2024. In Livermore, a 475,000 SF project was pre-leased prior to construction, showing continued demand for large buildings with modern amenities in strategic infill locations. Owner/user sales began picking up, signaling a positive trend for both buyers and sellers. Overall, sale pricing and lease rates have decreased…
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Q1 2024 Fremont Industrial Market Overview
The Fremont industrial market remains a critical hub within the East Bay and gateway to Silicon Valley. Characterized by its large flex inventory, proximity to Silicon Valley, and concentration of logistics and advanced manufacturing users. While demand has softened compared to recent years, the submarket continues to outperform in rent growth relative to the broader…
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Tri-Valley Industrial Market Report 1Q24
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…
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4Q 2023 San Francisco East Bay Industrial Market Report
The final quarter of 2023 ended on a bit of slow note for industrial leasing and sales in the greater San Francisco East Bay. The Oakland and I-880 Submarket has approximately four million square feet of industrial space under construction. The year finished with two million square feet of negative net absorption signaling a transition…
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