Your Commercial Real Estate Source in the San Francisco Bay Area
Our Q4 Reports are beginning to filter in and there are some good numbers coming out of it. We certainly noticed a strong push at the end of the year, beyond the typical trade requirements. In most years there is a decrease in deal activity around the holidays; yet dealmaking continued right up until the end and continues into the new year. Perhaps we are seeing more of a sustained recovery than we have in the past. Here’s an excerpt from the report:
Net absorption, a measure of leasing activity, was negative 43,800 square feet in the fourth quarter of 2012. The slight increased vacancy rate and decreased absorption reflects that industrial market activity is slowing down minimally. Mission Bay/China Basin was the main submarket driver behind these fourth quarter trends, with vacancy rising from 0% to 1.4% and total net absorption down 50,218 square feet.
We should have the Peninsula Industrial report soon, but it should closely resemble the San Francisco report in terms of overall positive absorption and decrease in vacancy rate.
Read the entire report here: industrial-market-research-san-francisco-2012-4q