The company's just-released third quarter report for East Bayindustrial properties put third quarter rent increases at a strong5%. The report cites rents that range from $0.18 to $1.50 per sf.Hot spots include Berkeley, Emeryville and Fremont, where somerents are coming in on the high side of $1.50. Richmond and Oaklandare coming in with rents closer to the low end of the scale.
East Bay warehouse space has shown similar strength over thelast quarter. Average asking rents across the area jumped from 48cents per sf to 54 cents per sf. Like manufacturing space, thewarehouse market was a strong performer in Berkeley, Emeryville andFremont, where asking rents were 99 cents per sf, $1.03 per sf and67 cents per sf, respectively.
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