Kidder Mathews Peninsula/San Mateo County Industrial Q2 Report
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
The Peninsula Industrial Pros 