Peninsula Industrial Space Demands Mean More Broker Hires

Demand is at a fever pitch with a wide range of industrial/logistics tenants looking for urban core sites.

MENLO PARK, CA—Industrial demand is still at an all-time high on the Peninsula due to the lack of quality space. Any large blocks of space that do become available are quickly snapped up by big-credit shipping carriers in the ever-growing clamor for last-mile delivery space, according to a third-quarter report by JLL.

In order to keep up with that tenant leasing demand, brokerages are following suit by hiring industrial sales and leasing experts to facilitate activity. The latest recruit is Jason Cranston, a 20-year veteran with experience in the Peninsula industrial and logistics market, who has joined JLL as a managing director in the firm’s Menlo Park/Silicon Valley office. Cranston joins a team covering the Greater Bay Area industrial and logistics/supply chain market which includes managing directors Greg Matter and Jason Ovadia.