2019 Q3 Pleasanton/Tri-Valley Office Market Research Report

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A Static Quarter

Pleasanton Q3 2019 Office Market Research Report

Despite overall gross absorption of 349,549 square feet during the third quarter, net absorption settled at negative 133,397 square feet, caused by an uptick in vacancy from 9.4 percent to 9.9 percent and a lack of new migration into the Tri-Valley from outside markets. However, these vacancies do not reflect the occupied sublease space that is currently on the market. If we were to factor in all of the sublease occupied space currently marketed as available, (569,810 square feet), the overall space availability for the Tri-Valley would rest at 12.0 percent. Weighted average asking rates across all classes have remained relatively flat at $2.75 per square foot full service for the year.

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2019 Q3 Pleasanton/Tri-Valley Office Market Research Report

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Lisa Kohler

Senior Research Analyst

Pleasanton

Lisa is a member of the highly acclaimed Pleasanton Administrative team. 

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Mark Triska

Executive Vice President

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Mark Triska has excelled in representing commercial real estate clients since 1989. During his career, Mr. Triska has specialized in the sale and leasing of industrial, R&D, office, retail, land, and investments in the San Francisco East Bay Area. Since 1989, his lease transactions totalled over 4.0 million square feet of space and the value of land and commercial property sales reached over $1 billion.Mr. Triska believes in building relationships with clients and will take the time to fully understand their needs and desires. His experience in the market and the relationships he has developed gives Mr. Triska first-hand knowledge of political climates, assessment and water districts, traffic mitigation plans and other seemingly small things that can influence a deal. In summary, Mr. Triska has many of the necessary qualifications when representing each client.

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