Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Dermody Acquisition The distribution space at Hacienda Business Park includes expansion of an additional 85,520 square feet.

PLEASANTON, CA—Market conditions in the East Bay continue to favor landlords, specifically, demand is strong in spite of increasing rents and lack of availability. Numerous tenants are currently seeking more than 5 million square feet of industrial space, but efforts to find space are stymied by the area’s 4.2% vacancy rate, which means that little room exists for movement within the market. More than 3.2 million square feet of development are underway and of that, 2.2 million square feet will be delivered this year, according to a second quarter report by JLL. As the 13 speculative projects in the pipeline are completed, the market should experience some relief.

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

More from this author


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.