Your Commercial Real Estate Source in the San Francisco Bay Area
Here’s the excerpt:
2013 ended strong for the industrial and warehouse markets in Silicon Valley and the momentum carried over into the first quarter of 2014. Speculative development projects broke ground, vacancy remained low, and deal activity remained robust. Lower deal volume and negative net absorption in the industrial market caused vacancy to increase 50 basis points, which will give tenants in the market more options while looking for space in the coming quarters. Rental rates remained fairly constant across the market, with industrial rates steady at $0.85 per square foot, and warehouse rates increasing $0.01, to $0.53 per square foot.
Read entire report here: industrial-market-research-silicon-valley-2014-1q