With supply chain and inventory issues shifting from the post pandemic
world, industrial rents and demand remain steady, but not as explosive
as in quarters past. The East Bay Industrial inventory sits at roughly
275M square feet with an additional 4M square feet under construction.
Absorption levels have stabilized along with rents as we have seen three
quarters of similar activity, down from the highs of the years before.
While the overall vacancy sits just over four percent, the warehouse/
distribution market remains much tighter. There continues to be a flight
to quality and building sales remain scarce.

CHRIS SCHOFIELD, SIOR, President, Oakland