East Bay industrial insight - Q2 2018

This quarter saw again what could be an emerging trend in the East Bay: the preleasing of new construction at near-record-high rents. A large corporate occupier leased a 121,696-square-foot building prior to completion at a new market-high rental rate. Strike prices for renewals and new leases grew by 6.1 percent over the last quarter, and deals are transacting on average 4.0 percent higher than the asking rate.

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