Industrial Market Stabilized in the Fourth Quarter – The North I-680 industrial market stabilized in the fourth quarter of 2013 with vacancy remaining at 7.8 percent. Businesses in most industry segments have either stabilized, or in some instances are once again looking to expand. Leasing transaction frequency was similar to the third quarter with the majority of leasing taking place in Concord and Antioch along with new activity in Brentwood. There was a total of 9,507 square feet of negative net absorption for the quarter. Total asking rents increased $0.04 per square foot (PSF) to $0.66 PSF, a three year high. Antioch led the market in net absorption with 207,258 square feet, followed by Martinez with 7,342 square feet. Pittsburg gave back the most space with 182,114 square feet of negative net absorption.
2013 Q4 | Walnut Creek Industrial | Market Report
