Your Commercial Real Estate Source in the San Francisco Bay Area
New quarter, new info! We’ll release the reports as they come through, but here’s the state of the industrial union in San Francisco proper. Here’s an excerpt:
The San Francisco industrial market has remained relatively flat in 2013. The only significant amount of activity in the third quarter has been the leasing of smaller properties (10,000 square feet and below). Two projects, Potrero Business Center and 2200 Jerrold Avenue, leased over 20,000 square feet combined with units ranging from 2,160 square feet to 6,400 square feet.
Net absorption, a measure of market activity, was negative 45,327 square feet in the third quarter of 2013. Despite this negative absorption, there is no significant difference in the vacancy rate compared to the second quarter. Potrero East had the highest negative net absorption of any submarket in the third quarter with a decrease of 64,765 square feet.
Read entire report here: industrial-market-research-san-francisco-2013-3q