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