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Rental Rates for Central Valley’s industrial assets are 32% less than surrounding markets

  • ​While Central Valley rental rates have exploded in recent years due to high demand from a variety of users drawn to the attractive drive times and the ability to serve all parts of California in a days time, they still represent a substantial discount from surrounding Northern California markets. As such requirements continue to rain in from tenants looking to expand or simply relocate into the market. So while rental rates in Central Valley have grown 48% since 2010, they are still 32% less than the other markets on average.

  • Prospective developers have taken notice of the demand and have rushed to bring spec product to the market at a rapid pace. Currently 13 of 19 buildings are being built without a tenant in place. ​​

Source: JLL Research

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