Research Documents

2014 Q3 | Walnut Creek Office | Market Report

Vacancy Increases as Bank of America Vacates Concord - The North I-680 office market showed increased vacancy across all classes in the third quarter 2014. The market posted 272,445 square feet of negative net absorption for the quarter while registering negative 114,381 square feet year-to-date. Most of the increase in vacancy was caused by the Bank of America spaces at 1655 Grant Street, Concord becoming...

2014 Q3 | Walnut Creek Industrial | Market Report

Industrial Market Continues Incremental Improvement - The North I-680 industrial market improved in the third quarter of 2014 with vacancy decreasing 10 basis points to 7.5 percent. There was a total of 21,983 square feet of net absorption for the quarter. Total asking rents remained flat at $0.62 per square foot (PSF). Concord led the market in net absorption with 61,954 square feet, followed by Pittsburg...

2014 Q2 | Walnut Creek Office | Market Report

Walnut Creek Rents Rising; Exceed 2007 Rates - The North I-680 leasing market showed modest improvement during the second quarter 2014. Class A vacancy decreased 90 basis points to 14.1 percent, Class B vacancy increased 60 basis points to 14.5 percent and Class C vacancy increased 10 basis points to 21.5 percent. These changes combined to result in total vacancy falling 20 basis points to 15.4 percent....

2014 Q2 | Walnut Creek Industrial | Market Report

Slight Market Improvement in Second Quarter - The North I-680 industrial market improved in the second quarter of 2014 with vacancy decreasing 20 basis points to 7.7 percent. There was a total of 48,912 square feet of net absorption for the quarter. Total asking rents decreased $0.02 per square foot (PSF) to $0.65 PSF. Concord led the market in net absorption with 120,907 square feet, followed by Martinez...

2014 Q1 | Walnut Creek Industrial | Market Report

Industrial Market Remained Unchanged in the First Quarter - The North I-680 industrial market remained unchanged in the first quarter of 2014 with vacancy increasing 20 basis points to 8.0 percent. There was a total of 30,760 square feet of negative net absorption for the quarter. Total asking rents increased $0.01 per square foot (PSF) to $0.67 PSF. Martinez led the market in net absorption with 22,443...

2014 Q1 | Walnut Creek Office | Market Report

Market Fundamentals Improve Across All Office Classes - The North I-680 Office leasing market improved across all class segments during the first quarter 2014. Class A vacancy decreased 40 basis points to 15.0 percent, Class B vacancy fell 130 basis points to 13.8 percent and Class C vacancy decreased 20 basis points to 21.4 percent. These changes combined to result in total vacancy falling 60 basis points...

2013 Q4 | Walnut Creek Industrial | Market Report

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...

2013 Q4 | Walnut Creek Office | Market Report

Sales Activity Increases While Leasing Stabilizes - The North I-680 Office leasing market remained unchanged while sales activity picked up during the fourth quarter 2013. Class A vacancy increased 70 basis points to 15.4 percent, Class B vacancy fell 20 basis points to 15.1 percent and Class C vacancy decreased 160 basis points to 21.6 percent. These changes combined to result in total vacancy remaining...

2013 Q3 | Walnut Creek Industrial | Market Report

Industrial Vacancy Continues Steady Decline - The North I-680 industrial market continued to improve in the third quarter of 2013 with vacancy falling 50 basis points to 7.8 percent, the lowest total vacancy since the third quarter 2007. Vacancy has steadily decreased for five consecutive quarters. Transaction velocity was steady during the quarter with Concord leading the region in leasing activity....

2013 Q3 | Walnut Creek Office | Market Report

Market Polarized, Class A Improves Leaving B & C Behind - The North I-680 Office Market seemed to slip in the third quarter as total vacancy inched up 70 basis points to 16.2 percent. A deeper look into the numbers shows that the market was polarized. The Class A submarkets registered noticeable improvements concentrated in Downtown Walnut Creek and Concord. The Class B and C segments saw significant...

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