2020 Q2 Stockton/Central Valley Office Market Research Report

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Office Market Leasing Slows as Lease Rates Stabilize

MR_SCK_20Q2_OFC_175x227The vacancy rate for the San Joaquin County office market increased 40 basis points to 7.3 percent by mid-year 2020. Transaction activity for both sales and leasing slowed significantly throughout the county. Net absorption for the second quarter equaled negative 28,153 square feet. Doctors Hospital of Manteca, a Class A medical office facility on Cottage Court, is currently under construction with an expected completion date of early 2021. The average asking lease rate in San Joaquin County at the close of the second quarter 2020 increased to $1.71 per square foot, full service gross.

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Office Market Research Report

2020 Q2 Stockton/Central Valley Office Market Research Report

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Related Experts

Kyle Mecker

Senior Research Analyst

Stockton

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Erica Frey

Vice President

Stockton

I have the select distinction of being named the Broker for office property leasing and sales in the Central Valley at Colliers International. I am a graduate of Pepperdine University, where I received a BA in Public Relations.

Immediately after graduation, I launched my real estate career in Beverly Hills, leasing and selling residential properties. I relocated home in 2012 to the Central Valley. After a successful stint with a leading commercial real estate firm in the Central Valley of California, I was recruited to Colliers International in the Stockton branch to develop the office and medical office sector of the commercial real estate industry.

I have experience in Landlord and Tenant Representation, Seller and Buyer Representation and Build-to-Suit lease transactions. Known as the go-to Office Broker for commercial office space in the Central Valley: commercial office property in Lodi, commercial office property in Stockton, and commercial office property in Tracy, commercial office property in Modesto; I service the Central Valley Regions North of Lodi, California, to South of Modesto, Calfiornia, to West of Tracy, California and East of San Andreas, California. I exemplify integrity, honesty and an unparalleled work ethic. I am dedicated to provide clients, the most up-to-date information on the state of the market and its trends giving them a realistic outlook on what they can expect to achieve in today’s market. I am committed to total customer satisfaction.

 

 

 

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Michael Goldstein

Executive Managing Director & SVP

Stockton

I am the Executive Managing Director for the Stockton/Central Valley office of Colliers International. My core focus is representing clients in all aspects of industrial real estate including land sales, investment sales, buyer/tenant site selection and acquisition and landlord/seller marketing and disposition.  I unsurpassed knowledge, strong relationships and credibility in the market creates opportunities for my clients.  Me and my team average more than 100 transactions annually, involving warehouse/ distribution centers, manufacturing facilities, flex buildings, special purpose properties and land throughout the San Joaquin Central Valley.

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