Your Commercial Real Estate Source in the San Francisco Bay Area
We’ve finally compiled the most recent numbers to end the year. Here’s an excerpt from the report:
The San Francisco Peninsula industrial market continues to tighten as deals of all sizes were completed throughout the
fourth quarter of 2013. Absorption remains positive this year, increasing with larger deals occurring when compared to the previous quarter’s smaller transactions. From the start of the year, total deal velocity increased each quarter, with the largest of deals transacted towards the end of the year.
Vacancy on the Peninsula continues to decrease as demand remains strong, ending the quarter with a 5.9% vacancy rate. The fourth quarter of 2013 marked the fifth consecutive quarter in which vacancy has declined, recording ±290,000 square feet of positive absorption. As a result, rental rates are increasing, averaging $0.86 per square foot, NNN.