Your Commercial Real Estate Source in the San Francisco Bay Area
We’ve seen a dramatic increase in the past quarter for owner/user purchases while leasing has been steady, but not crazy. This mostly due to the fact that there is very little product on the market for lease. Here’s the summary for the quarter:
The San Francisco Peninsula saw 124,038 square feet of negative net absorption this quarter, and 257,299 square feet of gross absorption. The market continues to stay productive with deals of all sizes completed throughout the Peninsula industrial market in the third quarter of 2014. San Mateo County experienced minimal occupancy losses as well which is not due to a lack of demand on the Peninsula, but rather a shortage of quality available space.
Read entire report here: industrial-market-research-peninsula-2014-3q