Your Commercial Real Estate Source in the San Francisco Bay Area
The San Francisco Peninsula industrial market finished 2012 with a very small amount of negative absorption in the fourth quarter (-3,930 square feet). While this is opposite of the trend of positive absorption from 2012 to date, the signs still point to a strong industrial market overall, as noted by 109,546 square feet of positive absorption throughout all of 2012. This modest growth should continue in 2013 due to continuing sector optimism and stability in the Peninsula market. In the fourth quarter only six fewer deals were completed than in the third, which shows stable activity. Because of this, the Peninsula will remain a popular market for foreign companies to locate, and will continue to be popular for investment, which will drive more growth. The total availability rate finished the year at 11.6%.
Overall the Peninsula Market continues to move in an upward direction. The Industrial Pros have had a busy end to the year and beginning to 2013. The year looks promising so far; although cautious optimism still seems to reign. We will say that rents have continued to rise over the past year or so and seem to be continuing their upward spiral.
To read the entire report go here: industrial-market-research-peninsula-2012-4q
Q4 Peninsula Office Report: office-market-research-peninsula-2012-4q