Kidder Mathews Peninsula Industrial Q3 Market Report

October 22, 2012 Leave a comment

The Kidder Mathews Q3 Industrial Market Report has been posted and although things have slowed slightly, there’s still reason for optimism.  Our team has been busy overall this past quarter with brisk leasing activity and some sales as well.  From an anectodotal standpoint, the climate seems to be good with companies willing to move into larger warehouses to address increasing demands for their products; and although hiring and overall investment into the business may still be muted, companies seem willing to make steps to increase productivity and sales.

Here’s an excerpt from the report:

The San Francisco Peninsula industrial market showed a sharp turnaround in net absorption compared to the second quarter, finishing at positive 98,108 square feet. With stable activity in both industrial leasing and sales throughout the northern, mid, and southern submarkets, investor confidence has increased and created a stable climate for companies based abroad looking to locate locally. After a rough start to 2011, the end of last year and beginning of 2012 have shown generally positive absorption numbers and signs of modest market stability within the region along with continuing sector optimism. The total availability rate for the Peninsula rose marginally to 12.7%, from the previous quarter’s availability rate of 12.3%.

Read entire Report HERE.

What are you seeing in the market?  Are businesses taking that next step?

Filed under Industrial, Market Updates, Peninsula, San Mateo County Tagged with , , , ,

Kidder Mathews Q1 2012 Peninsula Industrial Market Report

May 1, 2012 Leave a comment

The deals have been made, the numbers have been crunched, and the data has been scrutinized.  After a long awaited wait, we have published the Q1 market data for the Peninsula Industrial.  Really not a huge surprise here after we’ve seen a marked difference in volume between this year and last.  Companies are on the move and investors are snatching up the last of the deals in the market.  With that being said, rents are on the rise, although still a bargain compared to rents 3-4 years ago.  The same can be said for purchases.  Here’s an excerpt from the report, and you can read the report in its entirety by clicking on the link below:

For the fourth consecutive quarter, the San Mateo County industrial net absorption remained positive. The first quarter 2012 showed a small decrease from the final quarter of 2011, ending at a total of 144,559 square feet. Ongoing activity with both sales and leasing throughout the county and its surrounding submarkets have built not only a stable investment climate to start the year, but has also increased confidence in prospective investors looking to locate in the area. After consecutive years of negative absorption in 2009 and 2010, the second half of 2011 and beginning of 2012 have shown signs of modest market stability in the region, along with continuing sector optimism. The total availability rate dropped approximately a full percentage point and finished at 12.6%, building off of a strong fourth quarter in 2011.

industrial-market-research-peninsula-2012-1q

Filed under Industrial, Market Updates, Peninsula, San Mateo County Tagged with , , , ,

Kidder Mathews Q3 Peninsula Office Report

October 31, 2011 Leave a comment

As promised, here is the Third Quarter Office Report for the San Francisco Peninsula Market:

The San Mateo County office market finished the third quarter with a net absorption of 1,061,365 total square feet, marking the third consecutive quarter with positive absorption this year on the Peninsula. The average asking rental rate increased slightly over that of the previous quarter, to a monthly $2.71/ square foot, full service. With venture capital increasing within the region, sectors such as e-commerce, gaming, technology, and bio-technology have added employees throughout San Mateo County, stimulating a steady increase in market activity. Expansion by Google in Mountain View and strong demand in Palo Alto have pushed many existing tenants to northern and southern submarkets.

Read the entire report:  office-market-research-peninsula-2011-3q

Filed under Market Updates, Office, Peninsula, San Mateo County Tagged with , , ,

Prologis Purchases Daly City Industrial for $21M

August 17, 2011 Leave a comment

Exclusive comparable details:

Address:  2650 Bayshore Hwy, Daly City

Seller:   D.R. Stephens& Co.

Buyer:  Prologis

RBA SF:  248,000

Lot size:  12.72 AC (554,083 SF)

Asking price:  $25,500,000 ($102.82/SF)

Selling price:  $21,000,000 ($84.68/SF)

Type:  Industrial-Distribution

The property was sold vacant and is currently for lease.  The property was renovated in 1999.

Filed under In the News, Industrial, Peninsula, Recent Sales, San Mateo County Tagged with

Kidder Mathews Peninsula/San Mateo County Office Q2 Report

July 26, 2011 Leave a comment

The San Mateo County office market ended the second quarter of the year with 464,077 square feet of net absorption, marking the fifth consecutive quarter of positive occupancy growth. While the larger technology companies are leading the surge in demand, activity among small to mid-size companies continues to rise as overall economic conditions improve. Rental rates on the Peninsula once again displayed signs of steady elevation
rising to an overall average rate of $2.68/square foot, full service.

Venture Capital funding continues to increase quarter-over-quarter in the area with the software, energy, and biotechnology sectors receiving the most money. While the technology sector is expected to continue to increase demand and economic activity in the upcoming quarters, overall leasing activity is expected to steadily increase from a broad range of tenants.

Read the entire report here:  office-market-research-peninsula-2011-Q2

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Kidder Mathews Peninsula/San Mateo County Industrial Q2 Report

July 25, 2011 Leave a comment

After careful research and thoughtful analysis, we are happy to bring you the 2011 Second Quarter Market Report for the San Francisco Peninsula.  Although not all of the news was positive, there is still a sense of optimism on the street that industrial is making positive gains.  We are seeing many businesses upgrade their current facilities either due to growing out of their existing space or taking advantage of the competitive rates.  Anyway, here’s the report:

“The San Mateo County industrial market finished the second quarter of the year with -8,447 square feet of net absorption. This is roughly a 50,000 square foot decrease from the first quarter. This marks the first quarter in the last four that net absorption has been in negative territory. The second quarter finished with an availability rate of 10.2%, down slightly from the first three months of the year. The industrial market is expected to see users slowly enter back into the marketplace in the second half of the year and into 2012.”

Read all of the report by clicking here:  industrial-market-research-peninsula-2011-Q2

Filed under Industrial, Market Updates, Peninsula, San Mateo County Tagged with , , , , , , , , ,

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