Your Commercial Real Estate Source in the San Francisco Bay Area
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.