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Big box industrial lease rates on the rise in Northern California

  • ​E-commerce driven requirements for space will continue to add to the existing +/- 11.7 million square-feet of tenant demand targeting the Bay Area markets. Neighboring markets North Bay and the Central Valley, have been benefitting from the growth of the e-commerce sector, where owners have been experiencing ongoing spillover demand for a while.
  • The additional market demand from these less price-sensitive users has fueled upticks in lease rates, which have risen between 22.6 percent and 109.9 percent since the market trough in 2010. In the last 2 years alone, lease rates have climbed between 6.0 and 41.6 percent. 
Source: JLL Research



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