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This metro area has one of the lowest industrial vacancy rates in the nation, but developers and lenders currently seem reluctant to launch new projects.
“During the first half of the year, ongoing demand for strategic distribution locations helped drive rental rates to historically high levels,” says Colliers International's David A. Simon.
An appellate court ruled one incident of illegal activity, in this case dealing in ivory, was enough to end an art and antique store's lease. But the dealer's attorney is going to a higher court.
Platform 16 is aligned with the Diridon Station Area plan's to integrate open space, transportation and development to meet the needs of the region's technology/business community and its employees.
Retail is becoming more experience focused, and landlords are less willing to put the future of their property in the hands of retailers with long leases and multiple options.