Your Commercial Real Estate Source in the San Francisco Bay Area
Our quarterly reports are starting to trickle in and the first report is the state of the San Francisco Industrial market. Overall the market is continuing on it’s healthy track with tight vacancy and rising rents, although we did see just a slight downtick in net absorption. Here’s the beginning of the report:
During the first quarter of 2012, San Francisco had a negative net absorption of 53,707 square feet. Although the city had a negative net absorption, the total rentable building area for the San Francisco industrial market is 23,310,804 square feet, so the negative number reflects only a 0.2% decrease of absorption for the overall market.
Click for the entire market update: industrial-market-research-san-francisco-2012-1q