Your Commercial Real Estate Source in the San Francisco Bay Area
Continuing the trend from previous quarters, the Peninsula Industrial market continues to pick up steam albeit in a moderate fashion. Both leasing and sales prices have stabilized, and we have seen a continued interest in picking up properties from both individual and institutional investors. South San Francisco and Burlingame both continue to post strong numbers, while Brisbane lags behind slightly.
Here’s an excerpt:
The second quarter of 2012 marked the third consecutive quarter of positive net absorption for industrial warehouse space in San Mateo County, and showed a moderate increase from the start of the year, rising from 13,430 SF to 55,929 SF. The continuing trend of increased leasing and sales activity throughout the county, most notably in the northern submarkets of South San Francisco and Brisbane, show investor optimism and existing tenant confidence is growing. Sale transactions showed an increase of activity in the mid-sized building market, and several larger notable sale transactions took place in both South San Francisco and San Carlos. These sales have shown that industrial investment is relevant in both the Northern and Southern submarkets. The total availability rate for the county continued to decrease, ending at 12.3%, a 0.6% decrease from the first quarter.
Read the entire report: industrial-market-research-peninsula-2012-2q