North I-680 Industrial Market Continues Recovery – The North I-680 industrial market improved in the first quarter of 2013 beginning the year with a 9.3 percent vacancy rate, the lowest total vacancy since the 2007 recession. Transaction velocity was steady throughout the quarter with the majority of leasing activity occurring in Concord. Antioch was the next most active submarket in the region. There was 76,751 square feet of total positive net absorption for the quarter. Total asking rents remained flat at $0.62 per square foot (PSF). Concord led the market in net absorption posting 135,681 square feet, followed by Antioch with 24,800 square feet. Pittsburg and Martinez registered the highest instances of negative net absorption in the region continuing the trend from the previous quarter.
2013 Q1 | Walnut Creek Industrial | Market Report
